This module overview will encompass some of the system configuration features in relation to Risk Assessment and Risk Classification. Risk Classifications Risk assessment is the process that allows an entity to be classified into a risk classification. This feature allows you to customize the number and title of the risk classifications that the entities in […]…
Category : 9. Risk Assessments
When it comes to jurisdiction risk, administrators should first define: The risk factors that affect risk scoring (e.g. nationality, residence of UBO, jurisdiction of source of wealth, etc…) How countries are grouped, the relevant categories and assigned risk scores. These settings can be configured as follows: Step 1: Preparing your Jurisdiction Risk Scores Before configuring […]…
One or more risk pillars within your Customer Risk Assessment could be based on the values stored within custom fields. A common example is a “Customer” risk pillar that includes rules based on custom fields such as “Is PEP” or “Source of Wealth”. In order to properly implement the custom field and associated scores, you […]…
Users may choose to have a risk pillar within your Customer Risk Assessment based on the values associated with the Delivery Channels and Face-to-Face options in your setup. The Interface risk pillar is a common example of the pillar that is used to collate these values for the assessment. Step 1: Configure Face-to-Face Options There […]…
Users may choose to have a risk pillar within the Customer Risk Assessment based on the values associated with the Services options in the setup. The Product/Service risk pillar is a common example of the pillar that is used to collate these values for the assessment. Using the following guide, users can leverage the system […]…
Step 1 In order to change how the overall risk score is calculated, users should access Risk Settings by first clicking on the Settings tab at the top of the screen. Step 2 Once on the Overview screen of the Risk Assessment Settings, users should click on the Edit button of the Overall Risk Score […]…
Step 1 In order to change how the risk classification assessment frequency, users should access Risk Settings by first clicking on the Settings tab at the top of the screen. Step 2 Once on the Overview screen of the Risk Assessment Settings, users should click on the Edit button of the Risk Classification table, on […]…