when onboarding new customers, and throughout the relationship with each customer, financial institutions are required by regulators to perform anti-money laundering (aml) and know-your-customer (kyc) risk assessments to determine a customer’s overall money laundering risk. when conducting due diligence on new or existing customers, firms normally use a risk assessment template and matrix, similar to the ones presented in the sections below, to determine the overall risk of the client. risk assessment templates used by financial institution firms are either in excel, in a third-party platform, or built into and managed within an internal tool. these risk assessment templates/matrices have detailed risk scoring logic and formulas that calculate the overall risk score for a client. to determine a customer’s overall risk rating, a select list of variables is assessed, and each one is rated as low, medium, or high risk.
note that risk factors and scores for clients may vary by a financial institution, jurisdiction, and customer segment as different types of customers will have different types of risks associated with them. click here to download the below kyc cdd risk rating calculation table in excel so you can use it for your purposes. it is up to you and your firm (based on your firm’s risk appetite) to determine the weights to apply to each of these risk components. for risk scores used by financial firms across the industry, see the below tables. click here to download the raw data: risk rating scores for assigning cdd risk ratings click here (risk rating scores for assigning cdd risk ratings) to download the full data for all the risk rating factors listed in the below table: reasonable efforts have been made by advisoryhq to present accurate information, however all info is presented without warranty. also review each firm’s site for the most updated data, rates and info.
if you also need to implement the mandatory aml policy and suspicious activity reporting procedures, visit our aml policy & risk templates to get the risk assessment and policy templates for just £45 (+vat). identify where you are vulnerable to money laundering, terrorist financing and tax evasion and prepare, document, and maintain a written aml risk assessment to comply with the mlr and your supervisory authority requirements. all our templates and policies are fully customisable and we encourage you to edit the content to suit your industry and business type.
we encourage you to customise the content to suit your sector and obligations and provide guidance where you are required to add your own content. we offer a large library of templates for regulatory policies, procedures, checklists, toolkits, manuals and training packages. please refer to our terms and conditions for further information. if you are interested in using our templates as part of your service provision, please contact us at email@example.com and we will be happy to assist you.
excel template for annual aml/cft risk assessment questionnaire 2021 issued by the moe, uae for designated non-financial businesses and professions (dnfbps) these risk assessment templates/matrices have detailed risk scoring logic and formulas that calculate the overall risk score for a client. key our simple excel based aml risk assessment template provides a user-friendly template to document your risk assessment. the ready-to-use format has, aml risk assessment matrix, aml risk assessment matrix, aml risk assessment tool, aml institutional risk assessment template, aml/cft risk assessment report.
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