Enterprise Wide AML, CTF, Sanctions Risk Assessment (EWRA) template
Originally published: 05/01/2021 09:11
Last version published: 05/01/2021 13:51
Publication number: ELQ-91975-2
View all versions & Certificate
certified

Enterprise Wide AML, CTF, Sanctions Risk Assessment (EWRA) template

EWRA (Enterprise Wide Risk Assessment) template in Microsoft Excel

Description
Enterprise Wide Risk Assessment (EWRA) template for AML, CTF and Sanctions risk assessment for a financial institution (bank, payments or electronic money operators, etc.).

Template and data model incorporates the Wolfsberg Group 2015 FAQs on Risk Assessments for Money Laundering, Sanctions as well as Correspondent Banking Due Diligence Questionnaire (CBDDQ). Fore refence inherent risk scores, template includes EU assessment of the risk of ML and TF affecting the internal market and relating to cross-border activities (from 2019) as well as an example of national ML, TF risk assessment with actual scores. Model is populated with the most common AML, CTF, Sanctions risks as well as controls questionnaire. Formulas include two options for both inherent risk and controls weighting: equal weights or custom (user defined). Risk score summaries and dashboards are populated automatically, based on user inputs.

Template developed during multiple iterations with established banks as well as Fintech startups in European Union, Great Britain, US and Canada. Template has now been used in real business situations numerous times both for risk assessments as well as regulatory reporting.

For a full user flexibility template is fully workable and editable. Password provided for protected sheets, in case there is a need for further enhancements.

Authors are ready to support you in case you require additional advice in application within your environment.

This Best Practice includes
1 Excel spreadsheet, including step by step instructions, fully editable (password provided for protected sheets)

Acquire business license for $2,500.00

Add to cart

Add to bookmarks

Discuss

Further information

Enterprise Wide Risk Assessment (EWRA) template for AML, CTF and Sanctions risk assessment for a financial institution (bank, payments or electronic money operators, etc.).

• conduct EWRA based on industry best practice and recommendations;
• save time on template development and definition of relevant risks;
• identify gaps or opportunities for improvement in AML policies, procedures and processes;
• make informed decisions about risk appetite and implementation of control efforts, allocation of resources, technology spend;
• assist management in understanding how the structure of a business unit or business line’s AML compliance programme aligns with its risk profile;
• develop risk mitigation strategies including applicable internal controls and therefore lower a business unit or business line’s residual risk exposure;
• ensure senior management are made aware of the key risks, control gaps and remediation efforts;
• ensure regulators are made aware of the key risks, control gaps and remediation efforts across the FI;
• assist management in ensuring that resources and priorities are aligned with its risks.

Reviews

  • Rate this Downloadable Best Practice

    Write a review

  • VASP Holdings(last updated: 29/09/2021 07:33)
    Good template for EWRA/BRA (AML-CTF and sanctions)
    My firm provides consulting services/management consultancy to digital asset companies, including cryptocurrency (virtual currency) exchanges and custodial wallets. Our focus is on AML-CTF and sanctions compliance. An aspect of this is Enterprise-wide Risk Assessment/Business Risk Assessment (EWRA/BRA).I bought a Consulting License ('internal business use only') for the Enterprise Wide Risk Assessment template, primarily to check against my own work on EWRA.The template from Mantas Litvinas/Gooliver "does exactly what it says on the tin". It is of high quality, and support from Gooliver (should you need it) is responsive.

People using this Best Practice also downloaded


keyboard_arrow_leftkeyboard_arrow_right

Any questions on Enterprise Wide AML, CTF, Sanctions Risk Assessment (EWRA) Template?

The user community and author are here to help. Go ahead!


5.0 / 5 (1 votes)

please wait...