3.3. Customer Screening
Effective from 4/7/2021Screening processes should be conducted at various stages of the customer lifecycle to include:
| • | Periodic name screening: A change to either the customer identifying information or UN Consolidated List /Local Terrorist List should trigger an automatic rescreening. | |||
| • | Ad hoc name screening: Such screening is triggered by a specific business need or in order to comply with a request by a competent authority, or in the case of feedback from a downstream financial institution. | |||
| • | Re-screening: A specific scenario in the transaction monitoring system identifies a high-risk jurisdiction in updated customer information. | |||