Pinpoint High-risk Clients and Accelerate Verification for Authentic Customers
- Calculates Risk Scores
- Monitors Data in Real-time
- Leverages Multiple Data Sources
- Prevents Financial Theft
Analyzing Customer
Risk Profile
| Definition: | Gathering and analyzing information about the customer's background, behavior, and reputation to assess their potential risk level. |
| Importance: | By conducting thorough CDD, businesses can make informed decisions about the customers they work with and ensure a secure and trustworthy relationship. |
| Key Components: |
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| Benefits: | By following these steps, businesses can ensure they are meeting regulatory requirements and maintaining a secure customer base. |
Customer Due Diligence (CDD)
| Component | Description |
|---|---|
| Identity Verification | Confirming the customer's identity through documents, biometrics, or other means. |
| Risk Assessment | Evaluating the customer's risk profile based on their location, industry, transaction history, and other factors. |
| Adverse Media Screening | Checking for negative news or publicity related to the customer. |
| Sanctions Screening | Verifying whether the customer is listed on sanctions or watchlists. |
| Politically Exposed Person (PEP) Screening | Identifying customers with political connections that may pose a higher risk. |
| Ongoing Monitoring | Continuously updating and reviewing customer information to ensure their risk profile remains unchanged. |