Are Banks Required To Categorise Their Customers Based On Risk Assess

1.	Are Banks Required To Categorise Their Customers Based On Risk Assessment?
Answer» YES, banks are required to CLASSIFY their customers into ‘low’, ‘MEDIUM’ and ‘high’ RISK categories depending on their AML risk assessment. Yes, banks are required to classify their customers into ‘low’, ‘medium’ and ‘high’ risk categories depending on their AML risk assessment.

Are Banks Required To Categorise Their Customers Based On Risk Assessment?

Answer»

YES, banks are required to CLASSIFY their customers into ‘low’, ‘MEDIUM’ and ‘high’ RISK categories depending on their AML risk assessment.

Yes, banks are required to classify their customers into ‘low’, ‘medium’ and ‘high’ risk categories depending on their AML risk assessment.