risk
Client intake, documentation and account-management failures
Missing signed agreements, incomplete legal/ISDA documentation, unretained KYC/AML records, misfiled client files, unauthorized access to client accounts, and negligent loss of client assets held in custody.
Record JSON · Open in map · Data retrieval guide
Catalog revision: f368a6cce277037e4b1e1ff46004e3acd295f96c9ac63a411a0e45775a7f468e. A connection does not establish full coverage.
Attributes
- category
- operational
- domain
- Risk Assessment & Management
- Access Control & Identity Management
- taxonomy
- basel-operational-risk
- inherent_rating
- medium
Details
- risk_id
- ops-documentation-account-management
- category
- operational
- likelihood
- medium
- impact
- medium
- inherent_rating
- medium
- treatment
- mitigate
- taxonomies
- basel-operational-risk
Source
No record-specific source URL is provided.
Connections
- UC-ACCESS-05 — Enforce approved authorizations for information and functions mitigates Client intake, documentation and account-management failures
- strength
- related
- rationale
- Enforced authorization restricts access to client accounts and data, countering the unauthorized-access-to-client-accounts component.
- UC-RISK-05 — Communicate and consult with stakeholders on risk mitigates Client intake, documentation and account-management failures
- strength
- related
- rationale