Certain individuals or entities may present financial crime or other types of risks to your operations and activities. Organizations must take a risk-based approach to assessing their clients and partners as determined by their risk appetite and tolerance. This process is done during onboarding and is periodically reviewed. Ongoing monitoring is an essential anti-money laundering (AML) control that allows an organization to assess its high-risk clients, partners, and counterparties over time to identify potential illicit activities or behaviors that may point to financial crime or other illicit activities.