IQON evaluates the factors that matter to the relationship, explains what drives the classification and keeps the result connected to the compliance process.
Customer risk assessment
Current relationship
Assess the relationship using explainable factors, regulatory requirements and company policy, then connect the outcome to the review, workflow and evidence that follow.
Assess the risk presented by the customer and relationship before considering the effect of controls and completed due diligence.
Assess the remaining risk after relevant controls, checks and information have been taken into account.
See which factors contributed to the classification and how each one affected the outcome, rather than relying on a black box score.
Evaluate factors across the customer, geography, product or service, delivery channel, ownership, behaviour, relationship and relevant events.
Apply the factors, thresholds, review requirements and other rules relevant to the applicable regulatory context.
Reflect the firm's own compliance policy through permitted configuration of thresholds, weighting, review frequency and follow up, without overriding regulatory requirements.
Reassess affected risk factors when material information changes instead of waiting only for the next scheduled review.
Use the classification and relevant triggers to determine when review, enhanced due diligence, escalation or other action is required.
Keep classifications, contributing factors, changes and decisions recorded so historical outcomes can be understood and reproduced.
Risk classification is not a one time calculation. When material information changes, IQON reassesses the affected factors, updates the classification and connects the outcome to the work that needs to follow.
A relevant change in the customer, ownership, screening data or relationship triggers reassessment.
The affected factors are evaluated using the applicable regulatory profile and company policy.
The new inherent and residual risk outcomes are calculated and the contributing factors remain visible.
The result can initiate review, enhanced due diligence, escalation or another defined workflow.
The classification, contributing factors, actions and resulting decisions are retained as part of the compliance evidence record.
Use the same classification logic throughout the relationship, from onboarding through ongoing monitoring, change events and periodic review.
Assess the customer and relationship using the relevant risk factors before the relationship is approved.
Reassess affected factors when new information or a material change alters the risk picture.
Recalculate and document the current classification when the relationship reaches its scheduled review.
Use the outcome to drive the required review, enhanced due diligence or escalation, while retaining the classification and decisions in the compliance record.
Risk classification needs to reflect both the regulatory context and how the firm applies its own compliance policy in practice.
IQON separates the underlying engine from the configuration around it. Regulatory profiles define the applicable factors, requirements and minimum controls, while permitted parameters such as thresholds, weighting, review frequency and follow up can reflect the firm’s own policy.
Where a regulatory requirement sets a minimum, that requirement remains the floor. The result is a classification framework that can adapt to different firms and jurisdictions without turning compliance logic into a black box.
Apply the same explainable classification framework across different regulated relationships, with the factors and follow up configured to the relevant context.
Classify client risk using factors such as ownership, geography, PEP exposure, adverse media and the nature of the relationship.
Assess corporate clients and the people behind them, with the classification supporting onboarding, periodic review and enhanced due diligence where required.
Assess risk across administered entities, beneficial owners, directors and complex ownership structures, with changes feeding reassessment and follow up.
Classify investors and client relationships using the relevant customer, ownership, geography and relationship factors.