Hello.
Risk assessments are an optional component of SAS Anti-Money Laundering. If System Administrators at your site enabled the risk classification process, users with the Access My Risk Assessments or Access Available Risk Assessments capability can access My Risk Assessments and Available Risk Assessments queues.
A risk assessment is a proposal to change a customer's risk classification. Each risk assessment has a current risk classification and a proposed risk classification. The objective is to use the tools and information that SAS Anti-Money Laundering provides to determine whether the proposed risk classification should be accepted and closed, or rejected and closed.
Risk assessments come from two sources:
- SAS Anti-Money Laundering system generated. The risk classification process runs risk classifiers across customer data.
- Manual creation. Users manually create risk assessments when they observe suspicious behaviors that might not be detected by the risk classifiers.
The risk assessment process is executed less often than the risk classification process. Although most institutions determine their customers' risk classifications on an annual basis, customers might be classified for any period of time that is deemed appropriate. The period at which sites execute the risk assessment process is called the risk assessment period.
The risk assessment process applies a weighted scoring algorithm to determine a proposed risk classification for each customer's risk assessment. The process then routes risk assessments to the user or group as specified by the risk assessment routing rules.
The product documentation fully describes the risk assessment functionality and administration. Please reach out to SAS Technical Support if you need help accessing the online documentation.
