Financial Crime Risk Assessment

Comprehensive Financial Crime Risk Assessment

Our Financial Crime Risk Assessment delivers a structured, evidence‑driven approach to identifying, scoring, and mitigating the full range of financial crime threats facing regulated firms. Built around clear methodology and FCA expectations, it empowers you to act decisively against money laundering, terrorist financing, sanctions breaches, fraud, bribery, tax evasion, market abuse, and proliferation financing.

Structured, Measurable Methodology

This framework makes every stage measurable and actionable. You record each risk with a unique ID, define inherent likelihood and impact, and calculate a quantifiable risk score. Using the toolkit’s tested formulae, you then measure control effectiveness and determine residual risk. Conditional rating bands guide your prioritisation, from low to high,while review frequencies keep your assessment current and responsive to changes.

Category‑Specific Risk and Control Registers

Category‑specific registers give practical scenarios and tested control measures. For example, money laundering risks include PEP cash deposits, complex corporate structures, and trade‑based laundering, each with preventive and detective controls. Terrorist financing modules cover high‑risk charity flows, crypto micro‑transactions, and social‑media fundraising. Sanctions risks are tied directly to OFSI/EU/OFAC requirements, ensuring real‑time compliance.

Integrated Controls Inventory and Accountability

The integrated Controls Inventory connects each risk to ownership, frequency, and control type, enabling clear accountability. Preventive, detective, and maintenance measures are mapped directly to the risks they address, supporting audit‑ready evidence for regulators and internal assurance teams.

Turning Compliance into a dynamic process

By embedding this process, your financial crime risk assessment evolves from static document into a living control adding value to your business. Interactive scoring, heat maps, and remediation trackers enable faster decision‑making. Governance materials, escalation criteria, and evidence logs ensure your firm can demonstrate both design and operating effectiveness under scrutiny.