Customer Risk Assessment definition

Customer Risk Assessment means any test or other risk assessment undertaken by customers of ACM who take delivery of Milk. Food Safety Program means a food safety program for dairy farms which has been approved by relevant State Regulatory Authorities (DFSV, NSWFA, TDIA). General Terms and Conditions means the general terms and conditions for the supply of Milk which forms part of the Milk Supply Agreement under which ACM accepts the supply of Milk from Suppliers. Milk means conventional Milk.

Examples of Customer Risk Assessment in a sentence

• If a Tanker load of Milk fails a Customer Risk Assessment, any Supplier who contributed Milk to that Tanker may be required to undergo additional screening and testing in order to determine which Supplier supplied the Milk which caused the failure of a Customer Risk Assessment.

• If a Tanker load of Milk fails a Customer Risk Assessment and the Milk contained in that Tanker is not able to be on-sold elsewhere or used by ACM, all affected Milk contained in the Tanker may be disposed of.

• If ACM is unable to recover the costs associated with having to dispose of Milk which has failed a Customer Risk Assessment, any Supplier who contributed Milk which led to such failure may be held liable for the costs incurred by ACM in relation to such Tanker and the costs of the disposal of affected Milk (including Milk delivered to ACM by other Suppliers).

• OTHER THAN ANTIBIOTICS ACM’s customers may perform their own testing and risk assessment in relation to the Milk delivered to them by ACM (Customer Risk Assessment).

• Any such Customer Risk Assessment will generally be done before a Tanker is unloaded and may include extra testing including in relation to the following: - Ph - acidity in Milk, souring - DMC - Direct Microscopic Count, live bacterial colonies in Milk - Freezing Point - water in Milk and/or - Sediment.

• ABC Units must establish and maintain adequate procedures to ensure that a Customer’s FCRC is determined in accordance with the Customer Risk Assessment Methodology (C-RAM).

• To help demonstrate that a customer’s CDD records are complete, AMPs may wish to consider placing a Checklist with a Customer Risk Assessment at the front of each file to assist someone reviewing the CDD, some years later, in recalling the approach to CDD that was taken with regard to that customer.

• Details of the assessment are in sections 3.2.4 Product Risk Assessment, 3.4.4 Customer Risk Assessment and 6.1.1 Employee Risk Assessment.

• Identification – Existing Customers: where an FI becomes aware that an individual has become a PEP it should apply risk based due diligence and controls.8 Customer Risk Assessment: Once it has been determined that a new or existing customer is a PEP, the FI should undertake a risk assessment to determine both the level of financial crime risk posed by that customer and the proportionate levels of due diligence and monitoring that are required.

• In terms with the FIAU Implementing Procedures the Authorised Person is to ensure that it has in place a Business Risk Assessment and a Customer Risk Assessment which should be proportionate to the Authorised Person’s nature, complexity and size of its business and which should be regularly reviewed and updated.