Client Risk Assessment Form (AML)

A form for assessing and recording the money laundering, terrorist financing and proliferation financing risk presented by an individual client or engagement. It turns your firm-wide risk assessment into a consistent client-level rating, records why that rating was given, and sets the level of due diligence, the approval needed and when the client must be reviewed again.

• Before accepting any new client or new service for an existing client
• At each periodic review (yearly for high-risk clients) and on any trigger event
• When bringing inherited or acquired clients up to standard

• Complete Parts 1 and 2, then answer every question in Part 3 – “not known” counts as yes until resolved
• Check the automatic high-risk triggers in Part 4 first: any tick makes the client high risk
• Total the scores, apply the bands in Part 5 and record any override with reasons
• Obtain the approvals in Part 7 and diary the review date