Business-Wide AML Risk Assessment Template

Meet your Regulation 18 obligations with confidence using this comprehensive, professionally-designed Business-Wide AML Risk Assessment template.

The Regulatory Challenge

Regulation 18 of the Money Laundering Regulations 2017 requires every regulated firm to conduct and document a thorough assessment of their money laundering and terrorist financing risks. The FCA expects firms to demonstrate a clear understanding of their risk exposure across all business activities, customer types, products, services, geographic locations, and delivery channels.

Failure to maintain an adequate business-wide risk assessment is one of the most common findings in FCA supervisory visits and can result in significant regulatory action.

What This Template Provides

This comprehensive template delivers a complete framework for conducting and documenting your business-wide AML risk assessment, including:

Structured Risk Assessment Framework covering all five key risk categories mandated by regulation: Customer Risk, Product and Service Risk, Geographic Risk, Delivery Channel Risk, and Transaction Risk.

Professional Risk Scoring Methodology with clear criteria for assessing inherent risk on a 1-10 scale, control effectiveness ratings from Strong to Weak, and calculated residual risk scores.

Detailed Assessment Tables for documenting customer type analysis, PEP exposure, high-risk country exposure, product risk factors, and transaction monitoring effectiveness.

Control Effectiveness Assessment covering CDD procedures, verification processes, beneficial ownership identification, PEP and sanctions screening, adverse media checks, enhanced due diligence triggers, and ongoing monitoring.

Enterprise-Wide Controls Review including governance and oversight, policies and procedures, staff training programmes, record keeping, and SAR filing processes.

Overall Risk Summary consolidating all risk categories into a single business-wide risk rating with clear documentation of key findings and recommended actions.

Remediation Action Plan template for tracking identified control gaps through to resolution with named owners, target dates, and progress tracking.

Board Approval Documentation with MLRO certification, senior management sign-off, and review schedule aligned with regulatory expectations.

Regulatory Alignment

This template has been designed to align with current regulatory requirements and guidance from the Money Laundering Regulations 2017 (as amended), FCA SYSC sourcebook requirements, Joint Money Laundering Steering Group (JMLSG) Guidance, FCA Financial Crime Guide, FATF Recommendations, and the National Risk Assessment of Money Laundering and Terrorist Financing.

Who Should Use This Template

This template is essential for MLROs and Deputy MLROs responsible for AML compliance, Compliance Officers at FCA-authorised firms, Senior Managers with AML oversight responsibilities, Compliance Consultants supporting regulated clients, and firms preparing for FCA supervisory visits or applications.

Practical and Professional

The template is provided in fully editable Microsoft Word format, allowing you to customise every section to reflect your firm's specific business activities, customer base, and control framework. Clear guidance notes and placeholder text make completion straightforward, whilst the professional formatting ensures your documentation meets the standards expected by the FCA.

Immediate Download

Upon purchase, you will receive immediate access to download the complete template and can begin your risk assessment immediately.

Transform your regulatory obligation into a valuable business tool that genuinely informs your AML strategy and resource allocation.

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