Risk
The rules used to evaluate the risk level of an entity's assessment.
Risk models are specific to the entity type, meaning that a risk model is always applied to either individual entities or company entities.
Every risk model has its own risk factors, which you choose. These factors are evaluated against the entity. Examples of risk factors include age, nationality, and PEP status. See the full list of risk factors.
When you add a risk factor, you also control whether it’s required, meaning it must be used to calculate a risk level, or non-required, meaning the factor is only used in the calculation if the relevant information is available.
You assign a risk score to each risk factor. This is a numerical value used to determine the significance of the risk. A higher risk score indicates that the risk factor is considered to be of greater risk.
When an entity is assessed, the risk score is calculated using all required risk factors and any available non-required risk factors.
The process of onboarding entities through a specified workflow. An entity may be going through multiple assessments at the same time.
There are two entity types: individual entities, which are used for people, and company entities, which are used for companies.