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But what if the individual’s profile had slightly different characteristics? Suppose instead that this person is a self-employed dealer who launched their business using a family inheritance. Furthermore, their mother is a former member of parliament in their home country. How might these factors impact their risk rating? You can see below that the individual now has four high-risk categories, instead of only one.  

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Now let’s consider this individual’s jurisdictional risk. Suppose the person is a national of Australia, a country generally regarded as low risk in terms of AML exposure, and holds permanent residency in the UK. As expected, our risk calculator reflects this by assigning a low jurisdictional risk rating to the individual.

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But what if the individual were a national of a country with a higher level of AML risk? Let’s say the individual is from Cyprus, which has faced scrutiny over its financial sector being used by international criminal networks to launder money. Furthermore, what if this individual was conducting business from the UK but was a non-resident of the UK. These factors would elevate the potential client's risk profile, as reflected in our calculator.

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Finally, let's look at the calculator’s screening category, which takes into account the risks related to the results found from screening entities and individuals on our platform. This shows the complementary nature of our solutions. Let’s first go back to the second scenario where the potential customer's mother was a former member of parliament; this would mean the individual would fall under the category of PEPs by Association and in this original example for a lower-risk jurisdiction. As you can see, this would mean the individual had one medium risk category out of four for screening.

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But what if the individual’s screenings results were different? What if both adverse media and litigation were found during an initial search on the Themis platform? Well, as you can see, this would significantly increase the individual's risk profile during screening.  

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These scenarios are just a few examples of how our Customer Risk Calculator enables a dynamic and intuitive approach to understanding customer risk. In total, the calculator as five overarching risk categories – client, jurisdiction, product and transaction, delivery channel, and screening.  

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Let’s take the second, higher-risk scenario from each of the examples we’ve reviewed; we can calculate an overall risk score for the mystery client. Assessing the total scores across all categories, the customer overall screening results in a high-risk evaluation.  

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This high-risk rating is more than just a red flag – it’s your cue to take action with additional AML measures like enhanced due diligence and source of wealth verification. This is exactly where the power of our Customer Risk Calculator shines. It can support your RBA as it gives you the clarity and confidence to assess customer risk accurately and apply the right level of mitigation.  

The result? Smarter decisions and peace of mind.