OTHER ASSESSMENT SOURCES AND TOOLS

LOCAL KNOWLEDGE

EXCHANGE OF INFORMATION

RATING TOOLS

LOCAL REPORTING REQUIREMENTS

LOCAL DUE DILIGENCE REQUIREMENTS

REPORTS AND PROFILES

Understanding local reporting requirements can also help to mitigate risks. For instance if your customer is a politically exposed person, is there a legal requirement within their country of office to submit asset declarations and, if so, are those asset declarations public.

Furthermore, the availability and accessibility of public information that could be used as independent verification tools with regard to any customer and the due diligence documentation provided by them may also be a mitigator of overall risk.