Banking · KYC and AML

A bank is reviewing the 'Risk Score' of a corporate customer based on three parameters: - Industry Risk: Weight 40 percent, Score 8/10 - Transaction Risk: Weight 30 percent, Score 5/10 - Geography Risk (high-risk zone): Weight 30 percent, Score 9/10 The bank's KYC policy categorizes customers as: Low Risk (Score 0 to 4), Medium Risk (Score above 4 to 6.5), and High Risk (Score above 6.5). Calculate the weighted average risk score and determine the customer's risk category.