An AML/KYC model replacing periodic batch re-verification (annual, triennial KYC refresh) with continuous, event-triggered updates to customer risk profiles — reacting to changes in behavior, adverse media, or beneficial ownership in real time.
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.