Overview Of Account Tiers In Compliance Planet Anti Money Laundering/Core Banking Finance Software

In line with the Three-Tiered KYC requirements issued by the CBN, account schemes are classified into the three tiers of account. Account tier refers to the three levels of account; Tier One Account, Tier Two Account and Tier Three Account. Account scheme tier tag refers to the particular class or level (tier) of account an account scheme belongs to. Tier tags are represented by their tag description.

Account Tier Operations

This Control panel feature provides a list of account scheme-tier tags. The operations include;

● Editing an account scheme tier,

● Deleting an account scheme tier, and

● Creating a new account scheme tier tag.

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