High-Risk Country Association
Written by Michelle Henley
Updated at October 24th, 2024
Table of Contents
Use Case:
Organizations must closely monitor transactions linked to high-risk countries to mitigate potential compliance issues related to corruption, regulatory violations, or other concerns. Transactions associated with such countries pose heightened risks.
The High-Risk Country Association analytic is a list-based analytic, where organizations designate countries as weak, moderate, or high risk based on their own criteria, such as political instability, corruption levels, or financial sanctions. The system then checks the expense or merchant country against this list.
| Description | Identifies high-risk transactions based upon a location attribute of the transaction. The default locations reviewed are expense country and merchant country |
| Domain(s) | Employee |
| Analysis Type | Flag |
| Focus Area | Location |
| Score Methodology | The associated risk for the country |
Default Scoring Criteria
Importance: 4 (default)
Enabled: True (default)
Unique Configuration
Fields configured to check merchant country (per credit card transaction) and expense location.
Exclusions
None