1.3 — KYC Risk Categories
📍 WHERE TO FIND IT
Sales ▸ Contacts ▸ [Customer] ▸ KYC Tab
✅ WHAT TO DO
Each customer is assigned a risk category. Higher risk = more scrutiny required before approval.
- 🟢 Low Risk: UAE Nationals, established local companies
- 🟡 Medium Risk: UAE resident expats, GCC Nationals
- 🔴 High Risk: Non-residents, cash buyers, PEPs
- ⛔ Prohibited: OFAC/UN sanctions list — cannot proceed
💡 TIP
Always search the customer name on the AML sanctions database before creating their KYC record. Flag any match to Compliance immediately.
Rating
There are no comments for now.
to be the first to leave a comment.