You are given the following information regarding a client who approaches a bank to conduct a transaction.

Client name: doing business on behalf of the non-profit organization Tro Italia

Client occupation: Office staff

Transaction: wants to transfer AED 1,000,000 to a bank account for a non-profit organization called Earthquake Relief Fund in Turkey

Interaction with client:

The client provides an Italian passport with the name: Livia Miriana

Explain what process you will follow in terms of risk based assessment, and why. Is there any additional information you would request from the client? Provide a complete risk based assessment.