Which statement best describes how the risk-based approach (RBA) and client risk rating work together at PPS
Choose the correct answer

Question

Which statement best describes how the risk-based approach (RBA) and client risk rating work together at PPS 
 Choose the correct answer

Accepted Answer

The risk-based approach sets the principle, and client risk rating applies it to each client relationship

Answer

Client risk rating replaces the risk-based approach

Answer

Client risk rating is only required for high-value products

Answer

The risk-based approach only applies after suspicious activity is confirmed

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