A financial institution is assessing the AML risks of a new client who operates a cash-intensive business. What should be the focus of the risk assessment?

While a marketing budget may reflect the business's efforts to attract customers, it does not provide insight into the legitimacy of the cash inflows. A low marketing spend could still be associated with substantial cash transactions, which could pose significant AML risks. Therefore, focusing on marketing budgets is not relevant to the risk assessment.

Although employee training programs can contribute to overall compliance and awareness of AML practices, they do not directly relate to the source of cash inflows. Evaluating training programs may be beneficial, but it does not provide immediate insight into the financial risks posed by the client's cash transactions.

Annual revenue projections are important for understanding the client's business growth and financial health; however, they do not effectively inform about the source of cash inflows. Revenue projections may be based on estimates that do not reflect actual financial transactions, making them less relevant for a risk assessment focused on AML concerns.