A risk classification assigned to each customer based on factors including geography, transaction behavior, business type, PEP status, and product usage — the rating drives the level of due diligence applied and monitoring frequency.
Category: compliance. Part of the Identity Technologist Glossary — 158+ practitioner-grade definitions covering identity verification, KYC/AML, biometrics, fraud prevention, and compliance. See all terms at https://identitytechnologist.com/glossary.