6.17 Configuring Non Descriptive Occupation

FINCEN (the U.S. Financial Crimes Enforcement Network) sets clear guidelines regarding customer due diligence (CDD), including requirements for collecting information about a customer’s occupation or business.

Non-descriptive occupation words such as businessman, self-employed, or owner are not acceptable. Hence, it is mandatory to configure such details in the application.

To configure the Non Descriptive Occupation, follow these steps:

1. Log into the Atomic schema.
2. Execute the following query.

   update appln_parameters set V_ATTRIBUTE1_DESCRIPTION = <comma seperated nondescriptive
   occupations> where t.n_param_identifier= 63;

   For example, businessman,merchant,retailer,retired,self-employed,unemployed.