2.1.2.3.1 Periodic Rereview

Based on the customer's risk score, the KYC system determines the next review date. If the customer poses a high risk to the bank or FI, then the customer will be reviewed more often compared to medium or low-risk customers. The Risk Category table defines the rereview period based on the score ranges.

The system calculates the next rereview date after the closure of the risk assessments, both closed by the system and closed after user review. The rereview date is then available in the Customer Review Detail table which is the repository of Customers.