Periodic Reviews are based on what?

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Multiple Choice

Periodic Reviews are based on what?

Periodic Reviews follow a risk-based approach. They are driven by regular assessments that come from the OFAC risk assessment, which identifies sanctions exposure across customers, products, and geographies. By basing the review cadence on that risk assessment, banks tailor how often and how deeply they review accounts and transactions—focusing more on higher-risk areas to detect sanctions or AML issues earlier. The other options describe specific controls or narrower scopes, not the overall basis for how often and why reviews occur.

Periodic Reviews follow a risk-based approach. They are driven by regular assessments that come from the OFAC risk assessment, which identifies sanctions exposure across customers, products, and geographies. By basing the review cadence on that risk assessment, banks tailor how often and how deeply they review accounts and transactions—focusing more on higher-risk areas to detect sanctions or AML issues earlier. The other options describe specific controls or narrower scopes, not the overall basis for how often and why reviews occur.

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