KYC/OFAC Checks

Here's an expanded version of the credit card underwriting module in Python that includes KYC (Know Your Customer) and OFAC (Office of Foreign Assets Control) checks:

class CreditCardUnderwriter:
    def __init__(self, credit_score, income, bank_account_history, kyc_passed, ofac_passed):
        self.credit_score = credit_score
        self.income = income
        self.bank_account_history = bank_account_history
        self.kyc_passed = kyc_passed
        self.ofac_passed = ofac_passed

    def evaluate_eligibility(self):
        if (
            self.credit_score >= 700
            and self.income >= 30000
            and self.bank_account_history >= 2
            and self.kyc_passed
            and self.ofac_passed
        ):
            return "Approved"
        elif (
            self.credit_score >= 600
            and self.income >= 25000
            and self.bank_account_history >= 1
            and self.kyc_passed
            and self.ofac_passed
        ):
            return "Conditional Approval"
        else:
            return "Declined"


class KYCVerifier:
    def verify_kyc(self, customer):
        # Perform KYC verification logic
        # Return True if KYC verification passes, False otherwise
        pass


class OFACChecker:
    def check_ofac(self, customer):
        # Perform OFAC check logic
        # Return True if OFAC check passes, False otherwise
        pass


# Example usage
credit_score = 720
income = 35000
bank_account_history = 2

customer = {
    "name": "John Doe",
    "address": "123 Main Street",
    "country": "United States",
    # Additional customer information
}

kyc_verifier = KYCVerifier()
kyc_passed = kyc_verifier.verify_kyc(customer)

ofac_checker = OFACChecker()
ofac_passed = ofac_checker.check_ofac(customer)

underwriter = CreditCardUnderwriter(
    credit_score, income, bank_account_history, kyc_passed, ofac_passed
)
eligibility_status = underwriter.evaluate_eligibility()

print("Eligibility Status:", eligibility_status)

In this expanded version, we introduce two new classes: KYCVerifier and OFACChecker. The KYCVerifier class is responsible for performing the KYC verification, and the OFACChecker class handles the OFAC check. Both classes can have their respective implementation logic to validate the customer information against regulatory requirements.

In the CreditCardUnderwriter class, we add two new parameters: kyc_passed and ofac_passed. These parameters represent the results of the KYC verification and OFAC check, respectively. The evaluate_eligibility method is modified to include these checks as additional conditions for approving or declining the credit card application.

During usage, the customer dictionary holds the relevant customer information required for KYC and OFAC checks. You can populate this dictionary with the necessary customer details before performing the checks.

Please note that the code snippets provided are placeholders for the KYC verification and OFAC check logic. You would need to implement the actual verification and check processes based on your specific requirements, utilizing external APIs, databases, or any other relevant data sources.

By incorporating KYC and OFAC checks into the underwriting module, you enhance the security and compliance aspects of the credit card application process, ensuring that only eligible and verified customers receive credit card approvals.