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 |