What is the difference between “customer risk profiling” and “transaction monitoring” in an AML program?

• A. A: Customer risk profiling assesses the inherent risk of the customer; transaction monitoring analyzes ongoing activity for suspicious patterns and aligns with the risk profile
• B. B: They are identical
• C. C: Transaction monitoring assesses the inherent risk of the customer
• D. D: Customer risk profiling focuses on post-onboarding only

Answer: (A)