GLOBAL PAYMENTS KNOWLEDGEISO 20022 / SWIFT / SEPA / MT / MX
PAYMENTSSIGNAL

The interactive academy for the standards, messages, and rails that move money.

PROGRESS
DRILL · RISK-BASED SCREENING

The words behind Risk-based screening

Read the plain-language definition, then name the term it describes.

The level of residual risk an institution has decided it will accept, written down and approved, against which screening settings are justified.

Step 1 of 2

THE DRILL AS TEXT

  1. The level of residual risk an institution has decided it will accept, written down and approved, against which screening settings are justified.
    • Risk appetite
  2. Non-bank businesses — such as lawyers, accountants, real-estate agents, and dealers in precious metals — that FATF brings within AML obligations.
    • DNFBP (Designated Non-Financial Business or Profession)

This drill is built from Risk-based screening — it rearranges material written and sourced on that page rather than asserting anything new, so every claim in it is checkable there.