Core Responsibilities

• Perform thorough assessment on new and existing customers, to verify their identities and asses their risk profiles. Collect, review and analyse relevant documentation such as identification documents, financial statements/ bank statements/ income documents, licenses and ownership structure to ensure that the identification and verification requirements of the CBB are satisfied and met.
• Conduct comprehensive review to classify customers into different risk categories based on their profiles and regulatory guidelines. This classification includes low-risk, medium-risk, and high-risk categories, and it helps in determining the level of due diligence required for each customer and to determine the type of KYC required.
• Perform standard Customer Due Diligence (CDD) and Enhanced Customer Due Diligence (EDD) on current, new and/or potential customers as assigned by the KYC Team Leader. CDD is applicable for low/medium risk customers while EDD for high-risk customers.