Periodic Risk Reviews

The Periodic Risk Review (PRR) allows the Customer Risk Review (CRR) to review the KYC Data collected during the onboarding process and enable our merchants to update or correct this data. In other words, performing PRRs allows us to remain compliant with international financial regulations and mitigate the risks inherent to any financial activity. 

How can I help my franchisee with PRRs?

Help your franchisees by communicating effectively to them the purpose of PRRs. 

Share with your franchisees: 

• the type of information and documents needed by the CRR team to complete the periodic review 
• timelines and deadlines for PRRs
• potential consequences of non-completion of the PRR on time

Which documents are needed for PRRs?

• Documents verifying legal entity information such as but not limited to Registration Extracts, VAT certificates, and TAX documents. 
• Documents allowing the verification of ownership structure such as but not limited to organizational charts which outline the ownership structure of the entities under review and state the ultimate beneficial owners (UBO).
• Other documents such as questionnaires,  allowing Adyen to understand our merchant’s business structure and internal KYC procedures.