Business Wide Anti-Money Laundering Risk Assessment
This Template Business Wide Risk Assessment is designed for use by a low
risk business that wishes to assess the risks of money laundering to which
its business may be subject.
A low risk business is one that is not regulated under current anti-money
laundering legislation and therefore is not required to carry out a risk
assessment. However, as a matter of good business practice, it is advisable
for all businesses to consider having a risk assessment in place to
identify and minimise the risks of money laundering and terrorist financing
within their organisation.
Each business should consider the risk factors that their own business may
be exposed to and identify these in their assessment. This Template set out
typical risk factors which SME businesses may be exposed to and the
mitigating actions that they can take to minimise these risks. The list is
not exhaustive and is by way of example only and must be tailored to each
specific business. If you are unsure as to the risks your business may be
exposed to or how to complete this template, you should seek professional
This template Business Wide Risk Assessment is intended only as a starting
point to assist customers in putting together a risk assessment.
This document is in open format. Either enter the requisite details in the
highlighted fields or adjust the wording to suit your purposes.
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