3.3.2 Risk Inheritance for Batch

As part of Risk Inheritance, both primary customer and interested parties are risk assessed. Primary customer will inherit the risk posed by any of the interested parties. Interested party will either go through Full KYC or Name and Address Screening assessment based on their relationship type with the primary customer.

Depending on the type of risk assessment for interested parties, Primary customer will inherit the risk as follows:

• Interested parties for whom Name and Address Screening is performed, Primary customer will inherit the MAX watchlist match score across those interested parties
• Interested parties for whom Full KYC is performed, Primary customer will inherit both the MAX watchlist score & MAX KYC risk score across those interested parties