Upon assessment of risks of terrorism financing in accordance with the provisions of Article 63 of the Law, financial institutions, designated nonfinancial businesses and professions, and non-profit organizations shall observe the following:
| | 1. | risk factors associated with customers and factors associated with the beneficial owner or the beneficiary of the transactions; |
| | 2. | risk factors arising from countries or geographic areas where the customers conduct their business, or from the source or purpose of the transaction; |
| | 3. | risks arising from the nature or channels of delivery of the products, services, or transactions offered; and |
| | 4. | any risks identified at the national level, or any variables that may increase or decrease risks of terrorism financing, the purpose of the account or business relationship, the volume of deposits or transactions carried out by the customer, the frequency of his transactions, or the duration of the business relationship. |
