What is the significance of the U.S. National Money Laundering Risk Assessment (NMLRA) for financial institutions?
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A
It is a mandatory assessment that each institution must complete and submit to FinCEN annually
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B
It is the government's assessment of money laundering risks across the U.S. financial system, which institutions use to benchmark and inform their own risk assessments
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C
It sets the official risk rating for each financial institution based on regulatory findings
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D
It determines the amount of capital institutions must hold in reserve against AML risks