Applies to: AML Accelerate
In the Product Risk section of the risk assessment, one of the products has a question which does not appear relevant for that product.
Product: Home Loan/Mortgage
Product Question: Can the product allow transactions over the minimum amount or premium?
Tooltip: “This relates to non-lending products where someone can pay more than the scheduled amount due or investment and then request a refund. Access to funds that are paid above the minimum amount or premium increases the ML/TF risk.”
Sets of product questions are shared amongst multiple products. When a question is not relevant to that product, the correct answer to that question is "No".
Using the example above, the question relates to non-lending products, therefore when the product is a lending product, such as Home Loan, you should select "No" as the answer.