AML Audit — Anti-Money Laundering Audit Certification

{'correct_reasoning': "Non-face-to-face delivery channels carry higher inherent BSA/AML risk due to the inability to physically verify the customer's identity. The risk assessment must be updated to reflect this new channel and evaluate whether mitigating controls such as identity verification technology, device authentication, and behavioral analytics are adequate.", 'incorrect_reasoning': {'B': 'Eliminating digital banking is not a practical or expected response; the institution should implement appropriate mitigating controls.', 'C': 'Even if digital onboarding is common, the institution must assess its specific risk and controls; industry prevalence does not eliminate the need for risk assessment updates.', 'D': 'Institutions are expected to proactively update their risk assessments when there are material changes to their business, not wait for regulatory direction.'}}