Question

A risk-based AML policy would allocate time and financial resources to all of the following EXCEPT:

a. the insurance company's distribution channels
b. the covered products sold by the insurance company.
c. the insurance company's marketing program
d. the transaction processes used by the insurance company to manage deposit and disbursement payments

Answer 1

A risk-based AML policy would allocate resources to various aspects of an insurance company's operations, except for its marketing program.

Step-by-step explanation:

A risk-based AML policy would allocate time and financial resources to the insurance company's distribution channels, the covered products sold by the insurance company, and the transaction processes used by the insurance company to manage deposit and disbursement payments. However, it would not allocate resources to the insurance company's marketing program. The marketing program focuses on promoting and advertising the insurance company's products and services to potential customers, while the risk-based AML policy is more concerned with identifying and managing money laundering and terrorist financing risks.