AML Risk Scoring
Empower your KYC processes with ComplyCube's risk indicators.
About service
The AML Risk Profile provides a high-level snapshot of your customer’s key attributes and risk indicators.
It enables you to assess AML risk and apply the appropriate level of due diligence, whether Customer Due Diligence (CDD) or Enhanced Due Diligence (EDD).
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Risk elements
The AML Risk Profile includes the following elements, each of which returns a result of High, Medium, or Low when applicable, or No Risk if not detected.
Overall Risk
A weighted score that combines all available risk elements to give a single AML risk indicator for the customer.
Political Exposure Risk
When a customer is confirmed as a Politically Exposed Person (PEP), this represents the calculated political exposure risk level.
Occupation Risk
When a customer is confirmed as a Politically Exposed Person (PEP), this represents the calculated occupation risk level. Certain occupations are considered higher risk due to their potential influence and exposure to corruption.
Watchlist Risk
When a customer is confirmed to be in a Sanctions or Watchlist, this represents the calculated watchlist risk level.
Country Risk
Evaluates the customer’s address, nationality, birth country, and incorporation country (for businesses).
ComplyCube calculates the score using data from industry-recognized bodies, including:
Corruption Perceptions Index
Federal Bureau of Investigation (FBI)
Financial Action Task Force (FATF)
FinCEN
Freedom House
Index of Economic Freedom
International IDEA Political Finance Database
Organisation for Economic Co-operation and Development
Transparency International
US Department of State
World Bank Group
World Economic Forum
This can also be customized to align with your own assessment criteria.
Triggers
The AML Risk Profile is automatically refreshed:
After check completion: Once a check is successfully completed and validated.
When customer details are updated: Any changes to client information will trigger a new profile calculation.