Which CRR 'Customer' risk profile field is listed?

• A. Length of Relationship
• B. Industry Type (Correct)
• C. PEP Status
• D. NRA Status

Answer: (B)

In AML risk profiling, the customer’s business activity is a primary driver of inherent risk. Industry Type is a core descriptor that groups customers by the sector they operate in, and different industries carry different AML risk levels (for example, money services, crypto, or high-cash-flow sectors may require stricter monitoring). This field helps determine baseline risk and informs the level of due diligence and ongoing monitoring needed.

Length of Relationship describes how long you’ve known the customer and affects monitoring intensity, but it doesn’t define the inherent risk of the customer’s business. PEP Status flags political exposure, and NRA Status flags residency, both important risk indicators, but they’re more about specific risk flags or escalation triggers rather than the standard customer profile field used to categorize risk by industry.