3.3.1 Risk Inheritance for Onboarding

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

Depending on the type of risk assessment for related applicant, Primary applicant will inherit the risk as follows:

• Related applicant for whom Name and Address Screening is performed, Primary applicant will inherit the maximum watchlist match score across those related applicants.
• Related applicants for whom Full KYC is performed, Primary applicant will inherit both the maximum watchlist score and maximum KYC risk score across those related applicants.