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

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.