Assign a risk tier and apply the diligence it requires

KYC / CIP / KYB policy, §5

Every customer is assigned Tier 1, 2, or 3 at onboarding from its industry, licensing, ownership, geography, and expected activity, and the tier decides the depth of diligence: standard verification, an enhanced package with business-model and source-of-funds review, or a full high-risk package with a written risk memo.

Event-driven

At onboarding, and at each periodic review

Score the customer against the tier criteria, record the tier and rationale, and complete the diligence package the tier requires before activation.

• Tier assignment record

  Tier, criteria met, approver, date

• Enhanced due diligence package

  Business-model review, source of funds, and ownership documents for Tier 2 and 3

AML Compliance Officer

Leela can score the tier from the onboarding facts and assemble the package the tier requires.

Tell Leela about your company to see whether this applies.