In terms of the Core Principles, banks should develop clear customer acceptance policies and procedures, including a description of the type of customer that is likely to pose a higher than average risk to a bank. In preparing such policies, banks should take into account all risk indicators, including factors such as the customer's:

Banks should develop graduated customer acceptance policies and procedures that require extensive due diligence for higher risk clients. These policies and procedures should form part of a bank's risk framework, referred to in paragraph 2 above.