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Anti-Money Laundering Client Risk Assessment

Risk-based customer due diligence for UK accountancy & bookkeeping practices (MLR 2017 as amended)

£20
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Anti-Money Laundering Client Risk Assessment

Overview

Every practice supervised for anti-money laundering (AML) purposes must assess the risk each client poses and apply customer due diligence in proportion to that risk. Supervisors – HMRC and the professional bodies – regularly find files with no documented risk assessment, out-of-date reviews and identity gaps. This workbook turns the risk factors in the Money Laundering Regulations 2017 (MLR 2017) and the CCAB Anti-Money Laundering Guidance for the Accountancy Sector (AMLGAM) into a consistent, documented score for every client, sets the level of due diligence and the next review date, and gives the money laundering reporting officer (MLRO) one dashboard for the whole practice. Throughout this guide 'anti-money laundering' is written in full to avoid confusion with the AML Consultancy Solutions name.

Price
£20
Who it’s for
Practice Tools
Works with
Microsoft Excel for Windows and Mac
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See how it works

A walk through the main sheets

The sheets you will use most, in the order you will use them – shown with the sample data every workbook comes with.

Step 1

Scoring

Weights, thresholds, rating outcomes, answer scores, forces-High flags and due diligence measures. What you do: review once; change only with good reason.

Scoring
Risk Lists

Step 2

Risk Lists

Client types (with scores), sectors (with risk) and services (with scores and forces-High flags). What you do: add or re-rate entries on the blank rows.

Step 3

Countries

Country risk list including the FATF lists. What you do: update after every FATF plenary.

Countries
Risk Register

Step 4

Risk Register

One row per client assessment. What you do: answer the yellow columns.

Who it is for

Made for people like you

  • Example – text
  • MLROs and compliance partners – A live register of every client's risk rating, due diligence level and review date, with the gaps highlighted.
  • Client managers – A quick, consistent way to assess a new client and a printable form for the file.
  • Sole practitioners – Everything a supervisory visit asks for in one workbook: client assessments, internal reports log, training log and a practice-wide risk assessment.
  • Bookkeepers registered with HMRC – A structure that follows HMRC's guidance for accountancy service providers.

Quick start

Up and running in minutes

  1. Example – text
  1. Settings – Enter the practice name, MLRO and deputy, your supervisor and registration number, the review, screening and training intervals, and your team (with BOOM status and approval / check dates).
  2. Scoring – Look at the weights, the Medium and High thresholds, the review intervals and the answers that force a High rating. The defaults are sensible for a typical small practice – change them only if your practice-wide risk assessment says so.
  3. Risk Lists and Countries – Check the sector risks, client types and services, and make sure the country list matches the latest FATF statements.
  4. Risk Register – Add one row per client and answer every yellow column from the drop-downs. The scores, rating, due diligence level and next review date appear on the right.
  5. Assessment Form – Pick the client, print the form, tick off the due diligence measures and get it signed – by the MLRO or a partner for every High-risk client.
  6. Keep it live – Log training as it happens, record internal reports on the confidential sheet, review the Practice Risk Assessment at least yearly and check the Dashboard weekly.

Key features

  • Scores every client on 11 MLR 2017 risk factors – type, sector, countries, delivery channel, service, PEP, sanctions, adverse media, ownership, cash and source of funds – with weights you control.
  • Rules that force High (PEPs, FATF 'call for action' countries, sanctions matches, adverse media, opaque ownership, unexplained funds) set the due diligence level and next review date.
  • Register for 300 clients flagging overdue reviews, ID gaps and re-screening; printable assessment form with sign-off; confidential internal reports log; staff training log.
  • Practice-wide risk assessment (reg 18) fed by live figures, editable sector, service and country lists, and a dashboard for the MLRO.

What’s included

  • Dashboard – Risk, reviews, ID and training at a glance
  • Settings – Practice, MLRO, intervals and team
  • Scoring – Weights, thresholds and rules
  • Risk Lists – Client types, sectors and services
  • Countries – FATF lists and country risk
  • Risk Register – One row per client assessment
  • Assessment Form – Printable single-client assessment
  • Internal Reports – Confidential suspicious activity log
  • Training Log – Staff training records
  • Practice Risk Assessment – Firm-wide risk assessment (reg 18)
  • Guide – How to use this workbook

How buying works

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Offices
Plymouth
First Floor, Unit D2, 4 Neptune Park, Plymouth, PL4 0SJ
Phone Number
01752 42 72 82
Email
info@amlconsultancysolutions.co.uk
Opening hours
Monday to Friday: 9:00 am to 5:00 pm

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AML CONSULTANCY SOLUTIONS LTD
Registered Address: First Floor, Unit D2, 4 Neptune Park, Plymouth, United Kingdom, PL4 0SJ. Company Number: 12747461