5.2.1.16.3 Regular Processing - Re-review or Periodic

After every review (account opening review, deployment initiation, or accelerated re-review), the next review date is set for the customer based on the risk assessed. Thus, customers are periodically subjected to risk assessment, which is essential as the risk associated with each customer may change over time.

After a case is closed, the customer's next review date is determined by adding the time period (specified for the current risk category of the case) to the processing date in line with the holiday list definition. Re-review processing checks whether the next re-review date falls between the processing date and the number of days specified for the attribute in the KYC_PERIODIC_REVIEW parameter.

Note:

• The table used to specify the number of days is the APPLN_PARAMS table and the column where the number is provided is the V_ATTRIBUTE1_VALUE table.
• A Risk Assessment is created for customers whose next review date matches with the current day's processing date. This batch is executed once every day.