Aerapass

We consider a variety of factors that include:

Customer Risk: We assess the risk profiles of our customers based on their background, business activities, and geographic locations. High-risk customers, such as those from jurisdictions with weak AML/CTF controls, receive enhanced scrutiny.

Product and Service Risk: Different products and services carry different levels of risk. We evaluate the inherent risks associated with each product or service we offer, particularly those that may be more susceptible to misuse for money laundering or terrorist financing.

Geographic Risk: We consider the risks associated with the geographic locations where we operate and where our customers are based. Countries with higher levels of corruption, political instability, or inadequate AML/CTF regulations are flagged as higher risk.

Transaction Risk: We analyze the nature, size, and frequency of transactions. Unusual or complex transactions, especially those that deviate from a customer’s typical behavior, are closely monitored.

Channel Risk: The method through which services are delivered can also impact risk. For example, online transactions may pose different risks compared to face-to-face interactions.

Regulatory and Legal Environment: We stay informed about changes in AML/CTF regulations and ensure our risk assessment process aligns with current legal requirements and industry best practices.

1. Customer Risk: We assess the risk profiles of our customers based on their background, business activities, and geographic locations. High-risk customers, such as those from jurisdictions with weak AML/CTF controls, receive enhanced scrutiny.
    
2. Product and Service Risk: Different products and services carry different levels of risk. We evaluate the inherent risks associated with each product or service we offer, particularly those that may be more susceptible to misuse for money laundering or terrorist financing.
    
3. Geographic Risk: We consider the risks associated with the geographic locations where we operate and where our customers are based. Countries with higher levels of corruption, political instability, or inadequate AML/CTF regulations are flagged as higher risk.
    
4. Transaction Risk: We analyze the nature, size, and frequency of transactions. Unusual or complex transactions, especially those that deviate from a customer’s typical behavior, are closely monitored.
    
5. Channel Risk: The method through which services are delivered can also impact risk. For example, online transactions may pose different risks compared to face-to-face interactions.
    
6. Regulatory and Legal Environment: We stay informed about changes in AML/CTF regulations and ensure our risk assessment process aligns with current legal requirements and industry best practices.

<b>Overall Comment: </b>By considering these factors, we aim to identify and mitigate potential risks effectively, ensuring robust compliance with AML/CTF regulations and safeguarding the integrity of our operations.