Customer Onboarding vs Customer Due Diligence
Implement risk-based digital onboarding with automated CDD tiers to satisfy FATF Recommendation 10 without sacrificing speed.
CyberTRIZ analysis · Regulatory contradiction R131 · one of 8,235 worked contradictions published by CyberTRIZ.AI
Regulations
Contradiction
Resolution
Apply risk-based onboarding using digital identity verification, automated screening, and enhanced due diligence only for higher-risk customers.
Evidence
CDD Records
Identity Verification
Risk Assessments
Kpis
Average onboarding time
CDD completion rate
Controls that address this (13)
FATF-AML-001 - Implement Risk-Based AML/CFT Approachoperational · critical priority · Implement a risk-based approach to AML/CFT covering: national risk assessment awareness, institutional risk assessment, risk-based allocatioFATF-CDD-001 - Implement FATF-Standard Customer Due Diligenceoperational · critical priority · Apply CDD measures to all customers: identify and verify customer identity, identify beneficial owners, understand the purpose of the busineFATF-R1-001 - Institutional AML/CFT Risk Assessmentgovernance · critical priority · Conduct a comprehensive institutional AML/CFT risk assessment covering: products and services, customer types, delivery channels, and geogra