High Risk Customer definition

High Risk Customer means any Customer that:
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High Risk Customer means a Customer who represents a risk either in person, activity, business relationship, nature of geographical area, such as a customer from a high-risk country or non-resident in a country in which he does not hold an identity card, or a customer having
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High Risk Customer means a person registered in the states or territories, list of which are determined by the FMS, a person representing political importance, a person ordering to enforce a transaction meeting criteria provided in paragraph 4 of this Statute, a person in previously presented ID information of whom false data is detected, a person whose acting on his/her own behalf or on behalf of third person causes suspicion, a persons whose transaction is suspected in relation in any form with legalization of criminally obtained funds or other property and financing of terrorism;
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Examples of High Risk Customer in a sentence

  • High Risk Customers (Category C):-Characteristics of High Risk Customer: Customers whose source of funds are not clear or are not convincing will be categorized as High risk customer.

  • The application was approved on 8 November 2011 by the Bank’s Central Exceptions Unit (“CEU”), later replaced by the High Risk Customer Controls team (“HRCC”).

  • High Risk Customer – A customer from a foreign jurisdiction that is recognized as having inadequate internationally accepted AML CHstandards, or presents greater risk for ML/TF or its associated unlawful activities, shall be subject to ECDD.

  • Annexure III – Characteristics of High Risk Customer and Medium Risk CustomersCharacteristics of High Risk Customers1.

  • Examples of High Risk Customer Data that the Bank processes relate to Anti- Money Laundering, Know your Client and Customer Due Diligence.

  • A customer with 24 points or less shall be considered as regular risk while a customer with more than 24 points shall be considered as High Risk Customer (HRC).

  • Subsequently if the applicant fails to address these issues and continues to remain non-compliant, AYE would classify the non-compliance as an event of default and thereafter be entitled to recall the entire outstanding of the credit facility, as its remedy.iii) High Risk: Customer with existing significant adverse environmental, social or labor impacts those are irreversible or unprecedented.

  • High Risk Customers (Category C):- Characteristics of High Risk Customer: Customers whose source of funds are not clear or are not convincing will be categorized as High risk customer.

  • In 2020, in addition to the Credit Committee and Audit Committee set up as required by legislation, the other committees included the Risk and Capital Management Committed, High Risk Customer Approval Committee and Business Continuity Process Management Committee.

  • The Central Exceptions Unit ("CEU"), later replaced by the High Risk Customer Controls team ("HRCC"), which dealt with referrals for customers in certain high risk sectors on account opening or exit.


More Definitions of High Risk Customer

High Risk Customer means any Customer that engages in Telemarketing or any Person domiciled outside of the United States.
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Related to High Risk Customer

  • wholesale customer means a natural or legal person purchasing electricity for the purpose of resale inside or outside the system where he is established;

  • financial service supplier means any natural or juridical person of a Party wishing to supply or supplying financial services but the term “financial service supplier” does not include a public entity;

  • Business Customer means a customer who is not a residential customer.

  • Network Customer means an entity receiving transmission service pursuant to the terms of the Transmission Provider’s Network Integration Transmission Service under Tariff, Part III. Network External Designated Transmission Service:

  • Retail customer means any person that purchases retail electric energy for its own consumption at

  • Customer means the State agency or other entity identified in a contract as the party to receive commodities or contractual services pursuant to a contract or that orders commodities or contractual services via purchase order or other contractual instrument from the Contractor under the Contract. The “Customer” may also be the “Buyer” as defined in the PUR 1001 if it meets the definition of both terms.

  • DMA Customer means a Customer of a Sponsoring Broker where representatives of the Customer that are natural persons are designated by the Sponsoring Broker to have Trading Access to the SEF Platform using the Participant ID of the Sponsoring Broker and where such Customer signs the DMA Customer Documentation.

  • Eligible customer-generator means a customer-generator whose net energy metering system for renewable resources, cogeneration, fuel cells, and microturbines meets all applicable safety and performance standards.

  • End-Use Customer means a person or entity in Delaware that purchases electrical energy at retail prices from a Retail Electricity Supplier.

  • Interconnection Customer means a Generation Interconnection Customer and/or a Transmission Interconnection Customer.

  • Customer-generator means a user of a net metering system.

  • End User Customer means a third party retail Customer that subscribes to a Telecommunications Service provided by either of the Parties or by another Carrier or by two (2) or more Carriers.

  • Small Commercial Customer means a DRAM Resource Customer which is a non-Residential Customer with monthly maximum demand of 20 kW or less, including agricultural/pumping customers (PA-1, PA-2, TOU-PA-2 rates) and TOU-EV3, service to electric charging facilities with monthly maximum demand of 20 kW or less. Excludes customers on rate schedules for fixed usage and unmetered service (Schedules LS-1, LS-2, OL-1, TC-1, Wi-Fi-1, and WTR).

  • Commercial customer means a customer who is acting within their trade or profession in respect of the insurance cover requested or arranged.

  • business vertical means a distinguishable component of an enterprise that is engaged in the supply of individual goods or services or a group of related goods or services which is subject to risks and returns that are different from those of the other business verticals.

  • Generation Interconnection Customer means an entity that submits an Interconnection Request to interconnect a new generation facility or to increase the capacity of an existing generation facility interconnected with the Transmission System in the PJM Region. Generation Interconnection Request:

  • Transportation network company means a company or organization facilitating and/or providing transportation services using a computer or digital application or platform to connect or match passengers with drivers for compensation or a fee.

  • Transportation network company rider or “rider” means an

  • Customer Group means Customer and any of its Affiliates;

  • Customer Services means the call centre for dealing with queries about your Card. You can contact Customer Services by calling 01 693 3333, or contacting us directly.

  • Child support services means any civil, criminal or administrative action taken by the Division of

  • Maritime cargo handling services means activities exercised by stevedore companies, including terminal operators, but not including the direct activities of dockers, when this workforce is organised independently of the stevedoring or terminal operator companies. The activities covered include the organisation and supervision of:

  • Small customer means a retail customer that has an individual load with an average monthly demand of less than 5,000 kilowatts.

  • Customer Usage Data means the Telecommunications Services usage data of a CLEC End User measured in minutes, sub-minute increments, message units, or otherwise, that is recorded by SBC-13STATE and forwarded to CLEC.

  • TCP Customers We will not impose Credit Management Charges unless the Charges are a reimbursement of our costs and you are advised of their amount or method of calculation.

  • Digital Cross Connect System or "DCS" is a function which provides automated Cross Connection of Digital Signal Level 0 (DS0) or higher transmission bit rate digital channels within physical interface facilities. Types of DCS include but are not limited to DCS 1/0s, DCS 3/1s, and DCS 3/3s, where the nomenclature 1/0 denotes interfaces typically at the DS1 rate or greater with Cross Connection typically at the DS0 rate. This same nomenclature, at the appropriate rate substitution, extends to the other types of DCS specifically cited as 3/1 and 3/3. Types of DCS that cross connect Synchronous Transport Signal level 1 (STS-1 s) or other Synchronous Optical Network (SONET) signals (e.g., STS-3) are also DCS, although not denoted by this same type of nomenclature. DCS may provide the functionality of more than one of the aforementioned DCS types (e.g., DCS 3/3/1 which combines functionality of DCS 3/3 and DCS 3/1). For such DCS, the requirements will be, at least, the aggregation of requirements on the "component" DCS. In locations where automated Cross Connection capability does not exist, DCS will be defined as the combination of the functionality provided by a Digital Signal Cross Connect (DSX) or Light Guide Cross Connect (LGX) patch panels and D4 channel banks or other DS0 and above multiplexing equipment used to provide the function of a manual Cross Connection. Interconnection is between a DSX or LGX to a Switch, another Cross Connection, or other service platform device.