KYC / CIP / KYB
KC-05Get the sponsor bank’s pre-approval before activating a high-risk customer
How Leela would run itEvent-driven · each Tier 3 customer, before activation; each new business type, before the first one
From the policy libraryThe requirement
A Tier 3 customer is not activated until the AML Compliance Officer has approved a written risk memo and the sponsor bank has given written pre-approval. Before the first customer of a business type the bank may consider out of scope, the bank’s written position on that type is confirmed.
- Applies
- Tell Leela about your company to see whether this applies.
- Status
- Setup needed
Tell Leela how you handle it today, or hand it over: see what’s next.
The work
Send the risk memo and diligence package to the sponsor bank, record its written approval or decline, and activate only on approval.
What Leela keepsThe evidence this obligation leaves, as the work happens
Listed from the policy libraryContents
- 01Risk memoSigned memo with the rationale and approval decision
- 02Sponsor bank pre-approvalWritten approval on file before activation
Evidence
Risk memo
KYC / CIP / KYB §5
2
of 2 records
The work and the records come from this obligation in the policy library.