The level and type of risk an organization is willing to accept in pursuit of its strategic objectives, formally documented in a risk appetite statement — a key input to KYC/AML program design, fraud threshold calibration, and identity assurance level selection.
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.