Project Description

What is the Money Laundering Risk Assessment Tool?

The Money Laundering Risk Assessment Tool is the world’s first software-as-a-service (SaaS) cloud-based money laundering and terrorism financing risk assessment tool that helps organisations to identify, mitigate and manage money laundering and terrorism financing risks across the following dimensions and over 300 different risk factors:

  • Customers
  • Products
  • Channels
  • Venues and places of business
  • Employees
  • Country / Territory / Jurisdictions

Risk assessments can be completed across all dimensions or can be limited to a single dimension only. After the risk assessment has been completed a PDF report is generated with an inherent and residual risk matrix, plotting the risk concentration across all risk factors.  The PDF report also contains a model assessment view outlining the actual score vs. maximum score and detailed user responses, which is stored as documentary evidence for independent audit purposes.

The Money Laundering Risk Assessment Tool tailors questions specific to over 25 different industry sectors.  It is fully customisable – questions, dimensions, scores and weightings can be added, modified or removed on an individual or grouped basis.  

The product also contains a pre-configured country risk assessment, which has an overall country risk score assigned against 260 countries and territories, derived from over 25 reliable and independent sources and is a summarised version of another of our product offerings –

To access the tool you will need to subscribe to this service which starts from just USD$1,999 for an annual license.  You can purchase additional user licenses and consulting services to support you in using the tool.

If you would like a free limited functionality, limited time trial version of the product please send us an email.

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To view our product overview, please click on the PDF image below or to view a sample of the ML/TF Risk Assessment Report output click the report icon.