The periodic re-verification of existing customer identity data and risk profiles to confirm accuracy and regulatory compliance — typically triggered on a schedule (annual, triennial) or by risk events such as adverse media hits or large transactions.
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.