Which risk category covers threats from ransomware actors demanding payment in cryptoassets?
A.
Operational risk
B.
Counterparty risk
C.
Cyber-enabled financial crime risk
D.
Liquidity risk
The Answer Is:
C
This question includes an explanation.
Explanation:
Ransomware schemes are categorized as cyber-enabled financial crimes. AML/CFT frameworks require that such risks be assessed and mitigated through blockchain analytics, sanctions screening, and transaction monitoring for known ransomware wallet addresses.
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