What is high-risk country/region in SAP GRC-BIS - SAP Business Integrity Screening?

SAP Term: high-risk country/region

• Component: GRC-BIS

• Component Name: SAP Business Integrity Screening

• Description: Country/region that is characterized by high levels of corruption, or by risk of instability or conflict, or by regulatory or trade risk.

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• Key Concepts: 
  A high-risk country/region is a country or region that is considered to be at a higher risk of money laundering, terrorist financing, and other financial crimes. The GRC-BIS SAP Business Integrity Screening component helps organizations identify and monitor customers and transactions from high-risk countries/regions.
  
  How to use it: 
  The GRC-BIS SAP Business Integrity Screening component can be used to identify customers and transactions from high-risk countries/regions. It can also be used to monitor customer activities and transactions in order to detect any suspicious activity.
  
  Tips & Tricks: 
  It is important to regularly review the list of high-risk countries/regions in order to ensure that your organization is up-to-date on the latest information. Additionally, it is important to ensure that your organization has the necessary policies and procedures in place to properly monitor customers and transactions from high-risk countries/regions.
  
  Related Information: 
  The Financial Action Task Force (FATF) is an intergovernmental organization that sets standards for combating money laundering, terrorist financing, and other financial crimes. The FATF regularly updates its list of high-risk countries/regions, which can be used as a reference when using the GRC-BIS SAP Business Integrity Screening component.