KYC Portal CLM allows three levels of risk override based on
the given rights, namely:
This in turn will impact the overall risk assessment of the
This new feature in KYCP CLM allows for a better representation
of the risk matrix for all subjects whereby the solution will now show both the
actual values of risk (that would be generated automatically by the solution
based on your pre-defined configuration) as well as the overridden value
that the user would have input.
- The ability to override the risk for the overall
application including all the related parties within.
- The ability to override risk at related party
level (which will impact the risk assessment of the overall application).
- The ability to override the risk at category
level. This being able to override the risk of a specific risk category of a
Should the override be done at application level the
solution will allocate the risk accordingly based on the pre set scores as
shown in the image below.
If the user has the right to override risk at category
level, the system would need a mandatory comment for each category changed.
Once the risk override is applied at risk category level the
solution will audit and present the information in the following manner.
All of the changes are stored as part of the audit itself
and can also be printed to PDF for audit purposes at any point in time.