Customer Due Diligence and Regulatory Reporting
Home > Customer Acceptance Policy > Business Activities > Businesses established less than 2 years ago are considered higher risk
Report generated 14-10-2018 21:36

Business Activities

Some business activities are considered more risk-prone than others, and certain customers and entities may pose specific risks.

 Business Activities (Know_Your_Customer_Rules)

Businesses established less than 2 years ago are considered higher risk

Scenario Outline

When a business of type <Business Category> established on <Business Start Date> applies to open an account on <Application Date>
Then their business activity risk rating should be <Risk Rating>

Examples: 

# Business Start Date Application Date Business Category Risk Rating
1 01-01-2016 31-12-2017 Software Development Medium
2 01-01-2018 31-01-2018 Jewellery Store High
3 01-01-2018 31-01-2018 Casino Unacceptable
  Steps Outcome Duration
Example #1: {Business Start Date=01-01-2016, Application Date=31-12-2017, Business Category=Software Development, Risk Rating=Medium}
SUCCESS 0s
Example #2: {Business Start Date=01-01-2018, Application Date=31-01-2018, Business Category=Jewellery Store, Risk Rating=High}
SUCCESS 0.01s
Example #3: {Business Start Date=01-01-2018, Application Date=31-01-2018, Business Category=Casino, Risk Rating=Unacceptable}
SUCCESS 0s
SUCCESS 0.01s
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