# Customer Risk Assessment Program

**URL:** <https://www.amlfaqs.com/t/customer-risk-assessment-program/535>\
**Category:** Infographics\
**Created:** [November 12, 2024, 12:49pm UTC](https://www.amlfaqs.com/t/customer-risk-assessment-program/535 "2024-11-12T12:49:29Z")\
**Posts on this page:** 1\
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**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\
**Post date:** [November 12, 2024, 12:49pm UTC](https://www.amlfaqs.com/t/customer-risk-assessment-program/535/1 "2024-11-12T12:49:29Z")

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All DNFBPs must identify, assess, and understand the Money Laundering and Terrorism Financing risks they face. The Customer Risk-Based Assessment is conducted to ensure that sufficient information is gathered from prospective customers before providing any services or goods. This assessment helps the organization determine if the associated risks are within its risk tolerance. Learn more about the risk-based approach in AML Compliance.

[![Customer-Risk-Assesment-Program](https://canada1.discourse-cdn.com/flex010/uploads/amlfaq/original/1X/860b167390d5c5feebdd6ed8c56b4ef638f8ce08.jpeg)](https://amluae.com/portfolio/customer-risk-assessment-program/)

The Customer Risk Assessment considers various factors, including:

- Type of transaction/products/services
- Delivery channel
- Business location
- Payment method
- Source of funds
- Customer profile

The customer risk assessment must be performed regularly, in line with the organization’s established policy.

Click here for more illustrations on AML UAE.

> **[Overview Of Customer Risk Assessment Program](https://amluae.com/portfolio/customer-risk-assessment-program/)**
>
> The Customer Risk Assessment Program is to be carried out to ensure that adequate information is collected from the prospective customer before providing services.