Customer Risk Profiling
Build comprehensive risk profiles that combine both qualitative and quantitative data to accurately assess and categorise customer risk.
Key Benefits of iTrackAML Risk Profiling
Our customer risk profiling system combines advanced analytics with regulatory expertise to deliver accurate, actionable risk assessments.
Comprehensive Assessment
Evaluate customers across multiple risk dimensions including geographic presence, business activities, transaction patterns, and PEP status.
Quantitative Scoring
Convert complex risk factors into clear numerical scores, allowing for consistent categorisation and standardised risk management processes.
Continuous Monitoring
Automatically update risk profiles as new information emerges, ensuring your compliance efforts remain current and effective.
Customer Risk Categorisation
iTrackAML provides clear risk categorisation, helping you apply appropriate due diligence measures based on precise customer risk levels.
Medium Risk Customer Profile
Customers with some complexity requiring standard monitoring procedures
Key Risk Indicators
- Mixed jurisdiction presence
- Moderate transaction volumes
- Some trade in higher-risk sectors
- Standard business complexity
- Limited cash transactions
Recommended Due Diligence Measures
Standard Due Diligence (CDD) - Comprehensive identification and verification of identity.
Regular Reviews - Standard review cycles (e.g., every 12-24 months).
Enhanced Monitoring - Closer attention to transaction patterns and business relationships.
Visual Risk Analytics
Transform complex risk data into clear, actionable visualisations that help you understand risk distribution across your customer base.
Customer Risk Distribution - Medium Risk
Five Key Risk Categories We Track
Our risk profiling system evaluates customers across five critical dimensions, providing comprehensive coverage of all potential risk factors to ensure robust compliance.
Client Activity
Monitor transaction patterns, volumes, frequencies, and behavioral anomalies to identify unusual or suspicious activities
- •Transaction velocity and volume analysis
- •Pattern deviation detection
- •Behavioral profiling and monitoring
- •Cash intensity assessment
Client Type
Assess risk based on customer nature - individual vs entity, business sector, ownership structure, and industry exposure
- •Individual vs corporate entity classification
- •Industry and sector risk evaluation
- •Ownership structure complexity
- •PEP and sanctions screening
Delivery Relationship
Evaluate how services are delivered, including face-to-face vs non-face-to-face interactions and intermediary involvement
- •Direct vs intermediated relationships
- •Digital onboarding risk factors
- •Third-party introducer assessment
- •Service delivery channel analysis
Geographies
Analyse all location-related risks including customer residence, operations, transactions, and high-risk jurisdiction exposure
- •High-risk jurisdiction exposure
- •Cross-border transaction analysis
- •Geographic concentration risk
- •Regulatory environment assessment
Services
Evaluate risks associated with specific products and services utilised, including complexity and money laundering vulnerability
- •Product complexity assessment
- •Service utilisation patterns
- •High-risk product exposure
- •Transaction type analysis
Success Story: Enhancing Customer Risk Profiling
Financial Institution Reduces High-Risk Exposure
A mid-sized bank was struggling with inconsistent customer risk assessments, leading to inefficient resource allocation and potential regulatory gaps. Their manual processes were time-consuming and prone to human error.
By implementing iTrackAML's dynamic customer risk profiling module, the bank automated data collection, standardised risk scoring, and gained real-time insights into their customer base. This allowed for more accurate identification of high-risk customers and better allocation of enhanced due diligence resources.
- 25% reduction in time spent on manual risk assessments.
- Improved detection of high-risk profiles by 15%.
- Streamlined compliance reporting and audit trails.
Ready to Improve Your Risk Assessment?
Discover how iTrackAML can provide tailored solutions for your organisation's specific customer risk assessment needs.
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