Workflow Templates: Client Risk Profile Checklist

Collect personal identification documents (e.g., passport, driver’s license).

Verify the authenticity of identification documents.

Perform a face-to-face or video call verification.

Check client information against watchlists and sanctions databases.

Document the verification process and store securely.

Gather information on the client's current financial situation (e.g., assets, liabilities, income).

Review the client's credit history and score.

Analyze the client's investment experience and knowledge.

Identify the client's employment status and history.

Evaluate the client's tax status and any outstanding obligations.

Assess the client's risk tolerance through questionnaires or surveys.

Determine the client's investment goals and time horizons.

Evaluate the client's need for liquidity and cash flow requirements.

Discuss the client's previous investment experiences and outcomes.

Identify any specific investment restrictions or preferences.

Ensure compliance with KYC (Know Your Customer) regulations.

Review and document the client's source of funds and wealth.

Check for any potential conflicts of interest.

Obtain client consent for data collection and sharing.

Maintain records in accordance with regulatory requirements.

Establish a schedule for regular client profile reviews.

Monitor client transactions for unusual or suspicious activity.

Update client information periodically to reflect any changes.

Review investment portfolio performance and alignment with objectives.

Ensure continuous compliance with regulatory changes.

Client Risk Profile Checklist