Typical kyc process
What’s the standard kyc process for most of you all in your institutions? Do you collect the required docs first than risk rate the customer from there or you risk rate the customer first then collect the required docs?
I know this is kind of an illogical question since it’s impossible to risk score the client without first obtaining some info about the client but I’m quite confused as to the typical kyc/cdd process.
Appreciate any response on this discussion thks.