CySEC AML · Chapter 5 of 8
Chapter 5: Assessing and Managing Risks
The risk-based approach — how firms assess money-laundering risk and apply proportionate controls.
6 of 40 exam questions (15%) · 61 practice questions · free: 6 notes, 16 flashcards
Try 10 free questionsFrom across the syllabus · no account needed
What Chapter 5 covers
The key topics of this chapter in the CySEC AML syllabus. 4 of 5 have a free study note.
- The risk-based approach to AML/CFTRead the note: What is the risk-based approach to AML, and how do firms identify their risks?
- Business-wide (firm-level) risk assessmentRead the note: How is a risk assessment kept up to date, and how long must AML records be kept?
- Customer, product, channel, and geographic risk factorsRead the note: What are the main ML/TF risk factors, and what makes a customer higher risk?
- Risk classification and scoringRead the note: How are ML/TF risks rated and weighted?
- Applying proportionate risk-mitigation controls
Exam questions per chapter
40 questions in the CySEC AML exam
- Ch 1 · Introductory Provisions0 questions
- Ch 2 · Understanding Money Laundering, Terrorist Financing and Sanctions8 questions
- Ch 3 · Legal and Regulatory Requirements6 questions
- Ch 4 · The AML Compliance Culture3 questions
- Ch 5 · Assessing and Managing Risks (this chapter)6 questions
- Ch 6 · Know Your Customer (KYC) and Customer Due Diligence (CDD)11 questions
- Ch 7 · Transaction Monitoring and Suspicious Reporting4 questions
- Ch 8 · Crypto Asset Service Providers2 questions
Questions about Chapter 5
How many questions does CySEC AML Chapter 5 carry?
Chapter 5, Assessing and Managing Risks, accounts for approximately 6 of the 40 questions in the CySEC AML exam (around 15% of the total). The exact number can vary slightly from one sitting to the next.
What topics are tested in CySEC AML Chapter 5?
Chapter 5 covers: The risk-based approach to AML/CFT; Business-wide (firm-level) risk assessment; Customer, product, channel, and geographic risk factors; Risk classification and scoring; Applying proportionate risk-mitigation controls.
Should I prioritise Chapter 5 in my CySEC AML revision?
Yes. Chapter 5 is one of the highest-weighted chapters, with approximately 6 exam questions. Allocate proportionally more study time here, practise questions while the material is fresh and aim for 90%+ accuracy before moving on.
How can I practise CySEC AML Chapter 5 questions?
Start with 10 free questions from across the CySEC AML syllabus; no account is needed. For this chapter, the Chapter 5 Brief (€19) gives you all 61 questions in this chapter, each with a hint before you answer and an explanation after. The Chapter 5 Exam Mock (€9) is 10 exam-style questions from the chapter: one attempt, then a review of every answer. If you are sitting the whole exam, the All-in-One (€219) has every chapter, all 534 questions and 5 full mock exams. Prices are final, with no VAT added, and access has no expiry date.
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See how the hints and explanations work before you pay.