Exam CAMS7 Topic 1 Question 175 Discussion

Actual exam question for ACAMS's CAMS7 exam
Question #: 175
Topic #: 1

What is the primary purpose of a risk appetite statement (RAS) in an organization and how should it be effectively communicated and implemented?

A. An RAS defines the amount and type of risk an organization is willing to take to achieve its objectives and should be communicated clearly to all stakeholders with corresponding controls implemented B. An RAS is a detailed plan for managing operational risks and does not cover strategic or financial risks C. An RAS is a formal document meant for regulatory compliance that does not influence day-to-day risk management practices within the organization D. An RAS is used to outline the risk tolerance limits to external stakeholders and does not need to be communicated within the organization

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