What due diligence measures should be applied to virtual asset service providers (VASPs)?

4.1.3 Customer Risk ... The customer risk factors relate to types or categories of customers. Certain customer or business relationship categories pose a risk ... Mar 1, 2025 ... By understanding their customers' risk profiles, financial institutions can identify and mitigate potential risks associated with their business ... To enable risk profiling of customers. CDD ensures the RI has the required information to profile customers and assess the money laundering/terrorism financing ... Mar 7, 2025 ... To effectively manage high-risk customers, compliance teams should adopt a risk-based approach tailored to the specific risks faced by their ... Adapt your billing and payment terms to the risk · A high-risk customer will be given a tighter credit limit. · You will reduce the payment period in case of ... business-wide and individual ML/TF risk assessments;. ▫ customer due diligence measures including on the beneficial owner;. ▫ terrorist financing risk factors; ... Customer concentration risk is the level of revenue risk your portfolio holds as a result of relying on a small pool of customers. The bigger the client, the ... Here are CPA Australia's recommendations for small businesses on managing customer risk. TIPS FOR MANAGING. CUSTOMER RISKS. Page 3. Internal risks are those ... Mar 29, 2022 ... Publication of Guidance on Digital Customer Lifecycle Risk Management · More effective identification, verification and authentication processes ... Introduction. To ensure we treat our customers fairly in the execution of our strategy, management of. Prudential's conduct risks is key.