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Countries

Know Your Customer Core Record Management Addresses Audit Buildings Countries Jurisdictions Legal Entities Locations Regions
Know Your Customer Core Record Management Addresses Audit Buildings Countries Jurisdictions Legal Entities Locations Regions

Country reference data in the Client 360/KYC context provides geographic risk classification, regulatory requirements understanding, and sanctions tracking for customer risk assessment. This use case addresses maintaining country risk ratings for AML and sanctions purposes, understanding dynamic country risk levels, ensuring consistent country data across systems, tracking sanctions implications, and using country relationships for geographic risk analysis and PEP screening.

Note: This page describes the use of country reference data in the Client 360 / Know Your Customer context. For general information about country reference data as a shared concept, see Countries.

The Challenge

Financial institutions face challenges in country management:

  • Risk classification — Determining and maintaining country risk ratings for AML and sanctions purposes
  • Regulatory requirements — Understanding different regulatory requirements for customers from different countries
  • Dynamic risk — Country risk levels change over time based on political, economic, and security factors
  • Data consistency — Ensuring consistent country data across systems and processes
  • Geographic relationships — Understanding relationships between countries, regions, and jurisdictions
  • Sanctions implications — Tracking which countries are subject to sanctions or embargoes
  • PEP identification — Understanding political structures in different countries for PEP screening
  • Data quality — Maintaining accurate country reference data and handling country name variations

Why EKG is Required

Enterprise Knowledge Graphs provide powerful country management capabilities:

  • Reference data management — Maintain authoritative country reference data with relationships
  • Risk classification — Connect countries to risk ratings, sanctions status, and regulatory requirements
  • Geographic hierarchy — Model relationships between countries, regions, and jurisdictions
  • Temporal tracking — Track changes in country risk levels and regulatory requirements over time
  • Customer linking — Connect customers to countries for geographic risk assessment
  • Sanctions integration — Link countries to sanctions regimes and embargoes
  • Multi-dimensional analysis — Analyze customer risk based on country relationships and connections

Business Value

  • Risk assessment — Assess geographic risk based on customer country relationships
  • Regulatory compliance — Meet requirements for country-based risk assessment and due diligence
  • Sanctions compliance — Identify customers from sanctioned countries for enhanced screening
  • Data quality — Maintain consistent and accurate country reference data
  • Operational efficiency — Automate country-based risk assessment and screening
  • Strategic insights — Understand geographic distribution of customer base and risks