Inquiries Flow Editor

Once Elephant Co. successfully and appropriately onboarded each customer, it’s their responsibility to continuously monitor their customers as part of the KYC process.

This means that they need to monitor client risks, fraud levels, and the business relationship and reassess the client’s eligibility, identity, or verification authorization periodically.

That means that there may be changes to their customers that will require a new collection and verification of their information. These can include:

• Changes in the client’s occupation
• Changes in the client’s business
• If the client wants to give other parties permission to use the account
• Major spikes or sudden location jumps in the customer transactions