Which of the statements is NOT a low inherent risk?

Inherent Risk Factors have three types, high, medium and, low.

Which of the statements is NOT a low inherent risk?
A . Normal retail domestic products such as checking and savings accounts
B. No exposure to high-risk jurisdictions
C. No face to face contact at account opening for new customers
D. Stable domestic customer base without significant growth

View Answer

Answer: C

Explanation:

The Low Inherent Risks is no exposure to high-risk jurisdictions, normal retail domestic products such as checking and savings accounts, stable domestic customer base without significant growth and face to face contact at account opening for new customers.