Adding Comments

The information you collect when doing your customer due diligence procedure and risk assessment should be written down in a way that is sufficient to refresh your memory when looking at the client’s data after some time - as well as to give other colleagues an overview of the client’s risk profile.

Therefore, besides answering the questions by selecting yes or no, you can supplement your answers with comments which will make it easier to quickly remember about that client and help others understand the matter by reading the risk assessment.

Simply put, you are not required to add comments, nor is it needed in every situation. You should assess whether it is necessary to add comments on the risk assessment on a case-by-case basis.