2.1.2.2 New Accounts End of Day Review

This workflow is also called the default review. This workflow is executed when a customer opens a new account. New customers associated with a new account or an existing customer associated with a new account are considered for risk assessments. This signals the end of processing which looks at the data being sent to the system through a Distributed Interactive Simulation (DIS) file or OFS Data Foundation (OFS DF). This workflow assesses the customers associated with an account opening date based on the value provided in the Regular Processing parameter in the jurisdiction-specific Application Parameters table.

The KYC risk assessment determines which accounts are assessed by comparing the risk processing date (the date on which risk assessment is being processed) with the value provided for the Account Range for Regular Processing parameter which is defined in the jurisdiction-specific Application Parameters table. This is applicable only for Account Onboarding.

• Risk Processing Date = 24th of April
• Account Range for Regular Processing = 7

Those accounts whose Account Open Date is 7 days less than the processing date, are processed for Risk Assessment. This means any account opened between the 17th (24-7=17) to the 24th of April must be considered for risk assessment.