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Implementing Customer Risk Profiling

White Paper, December 4, 2017

Customer interactions drive revenue and growth, but they have the potential for adverse effects as well.

Facilitating a transaction for one illicit customer can damage a company’s reputation beyond repair and potentially lead to crippling penalties. For instance, in 2016 alone, nearly 38 percent of the fines issued by the Office of Foreign Assets Control (OFAC) to businesses other than financial institutions totaled $1 million or higher. So, whether it’s called KYC or identity verification, customer risk profiling must be fully integrated into a holistic compliance program.

Download this white paper for best practices on establishing effective customer risk profiling protocols. In it, CSI addresses the three major challenges organizations face:

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