During a review, an analyst notices discrepancies between a customer's nature of business listed on the business registry and what was stated on the…

The analyst should clarify discrepancies noted in the customer’s declared profile given the

downstream impact on the risk assessment. This is because discrepancies between the customer’s

nature of business and the information on the business registry may indicate that the customer is not

operating a legitimate business or is trying to conceal its true activities. The analyst should verify the

customer’s identity, source of funds, and purpose of transactions to ensure that the customer’s risk

profile is accurate and consistent with the Fl’s risk appetite.

Reference: Leading Complex Investigations Certificate, Module 2, page 9.