Article 204. General definitions used in a risk management system

The following general definitions shall be used in a risk management system:

risk — degree of probability of non-compliance with customs legislation;

identified risk — a fact indicating that a violation of customs legislation has already occurred and customs authorities have information about this fact;

potential risk — a risk that is not identified, but conditions for its occurrence exist;

risk indicators — certain criteria with predetermined parameters, deviation from which or compliance with which allows selection of the control object;

risk profile — a set of information about the risk area, risk indicators, as well as instructions on application of necessary measures to prevent or minimize risks;

risk area — separate grouped objects of risk analysis that require use of individual forms of customs control or their combination as well as an increase in their efficiency;

risk assessment — a systemic determination of possibility of a risk and consequences of violations of customs legislation in case of its occurrence;

cover goods — goods that with a sufficient degree of probability can be declared instead of risk goods;

risk goods — goods transported across the customs border in relation to which risks have been identified or there are potential risks;

risk level — state of risk that is determined depending on the likelihood of risk occurrence and possibility of risk consequences;

risk analysis — systematic use of information available to customs authorities to determine circumstances and conditions for emergence of risks, their detection and assessment of the likely consequences of non-compliance with customs legislation;

risk management — systematic work on development and practical implementation of measures to prevent and minimize risks, assess their effectiveness and control over customs operations, which provides for continuous updating, analysis and revision of information available to customs authorities.