10. CDD Workflow Step 6: Risk Assessment

 

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The ‘Risk assessment’ section contains a list of what is considered to be risky activities by the Department of Internal Affairs.

1. Select all activities which apply for this entity, or add your own notes in the "other" field.

2. Under the checklist, there is a risk exposure dropdown. Having determined the areas of risk, assign an overall risk rating for this client.

3. At the very bottom, there is a ‘Final determination’ section, here you can select ‘Proceed with client’ which will put the CDD into the "first review" workflow stage, ready to be assessed by your firms' AML Compliance Officer.

Next Step:

CDD Workflow: First Review & Second Review