A.2 Algorithm-Based Assessment Model Parameters

The following table shows the parameters that are applicable for both real-time and batch mode of the Algorithm-based model.

Table A-2 Algorithm-based Assessment Model Parameters

Rules Individual Other Organization Financial Institution Applicable for Onboarding?
Geo Risk - Country of Operation   X X Yes
Geo Risk - Country of Citizenship X     Yes
Geo Risk - Country of Head Quarters   X X Yes
Geo Risk - Country of Residence X     Yes
Geo Risk - Country of Taxation X     Yes
Operational Risk - Markets Served by the bank     X Yes
Operational Risk - Products Offered by the bank     X Yes
Risk Associated to Public Company   X X Yes
Risk Associated with Source of Wealth X     Yes
Watch List Risk - Primary Customer X X X Yes
Watch List Risk - Interested Party   X X Yes
Risk Associated with Account Type X X X Yes
Risk Associated with Method of Account Opening X X X Yes
Identity Verification (includes both Primary and Interested Party output) X X X Yes
Risk Associated with Corporate Age   X X No
Risk Associated with Length of Relationship X X X Yes
Risk Associated with Occupation X     Yes
Risk Associated with Industry   X X Yes
Risk Associated with Legal Structure and Ownership   X X Yes