This is where you set up all the different default FICA Due Diligence steps for the different type of clients, being company, CC Individual and trust. The declarations should be based on the Risk management Compliance Program (RMCP) and should be scored in order to determine the risk for the entity. The higher the score the more risky the individual or the entity and the more steps are applicable.
Once the declarations are set up they can be applied to each client type as each client is evaluated. The due diligence can be run against each client during the on boarding process.
