Customer Due Diligence and Regulatory Reporting
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Report generated 14-10-2018 21:36

Feature: Country Risk Ratings

Both country of origin and country of domicile are used as factors in determining whether the bank wishes to do business with a given customer.
Each country is given a risk coefficient between 0 (low risk) and 10 (high risk).

For example:

CountryRisk Factor 
Iran8.6
Afghanistan8.38
Haiti7.5
Nicaragua6.64
China6.53
United Kingdom4.81
Estonia3.83
Finland3.04

More details

The full country list should be provided by the reference data service.

Countries are categorised as low, medium and high risk based on their score.

For example:

Risk FactorRisk RatingSample Country 
7 or aboveHighIran
5 to 7MediumNicaragua
Below 5LowEstonia

More details

The country risk for a customer is based on their country of domicile and their country of origin, as shown below:

domicileoriginrisk 
highAnyhigh
Anyhighhigh
mediummediummedium
mediumlowmedium
lowmediumlow
lowlowlow

More details

More detailed examples are provided in the scenarios.

Scenarios

Scenario details

Given a customer who is domiciled in {Country}

When his risk coefficient is calculated

Then his country risk factor should be {Risk Factor}

Examples:

CountryRisk Factor
Iran8.6
Afghanistan8.38
Haiti7.5
Nicaragua6.64
China6.53
United Kingdom4.81
Estonia3.83
Finland3.04

When the country has a risk factor that is {Risk Factor}, such as {Sample Country}

Then the risk rating should be {Risk Rating}

Examples:

Risk FactorRisk RatingSample Country
7 or aboveHighIran
5 to 7MediumNicaragua
Below 5LowEstonia

Given Joe is a prospective customer who is domiciled in {domicile}

And who comes from {origin}

When his overall country risk is calculated

Then the overall risk category should be {risk}

Examples:

domicileoriginrisk
highAnyhigh
Anyhighhigh
mediummediummedium
mediumlowmedium
lowmediumlow
lowlowlow

Scenario Results (including rows of test data) Automated
 Passing 17 100%
 Pending 0
 Ignored 0
 Skipped 0
 Unsuccessful
 Failed 0
 Broken 0
 Compromised 0
Total 17

Automated Tests

Scenario Steps Start Time Duration Result
Each country has a risk rating based on anti-money-laundering and anti-corruption considerations (8 examples) 3 21:36:09 00:00 SUCCESS
Countries are categorised as low, medium and high risk based on their risk rating (3 examples) 2 21:36:09 00:00 SUCCESS
Overall customer risk is based on country of origin and country of domicile (6 examples) 4 21:36:09 00:00 SUCCESS

Manual Tests

No manual tests were recorded
Serenity BDD version 2.0.7