Financial Crime Risk Assessment

The FCA has revealed that there’s still more to do when it comes to identifying, assessing and tackling financial crime risks within brokerages. So, we’ve created a set of guidelines to help you complete a financial crime risk assessment (FCRA).

A FCRA is the cornerstone to effective financial crime prevention. The process of completing a FCRA includes the identification, quantification and documentation of the financial crime risks for your business as well as creating a framework for their management.

It’s important to remember that the completion of a FCRA isn’t just an exercise; it’s to ensure your business is equipped to determine the appropriate response to your financial crime risks.

Our guidance focuses on the what, why and how to complete a FCRA including an example template of how the findings could be documented;

Financial crime risk assessment guide

Financial crime risk assessment example template         

Please note, our guidance isn’t advice or a checklist to be used prescriptively to mitigate financial crime risks. We’d recommend consultation with your legal and compliance department / contacts to conduct and implement a FCRA.

If you have any questions about this, please contact

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