Regulatory Technology

AML Risk Assessment: what you need to know

An AML Risk Assessment can be troublesome for AML compliance officers. Specialist skills of risk analysis and reporting are required. With AML360 regulatory technology, simply complete an online form and we take care of the rest. AML360 will provide your firm with a comprehensive report and identify those areas of business operations that have greater exposure to facilitating money laundering and/or financing of terrorism. Meet regulatory expectations with cost efficiency. 

AML Risk Assessment
Firm-Wide Risk Assessment

Immediate Implementation

AML360 is consistently ranked as a leading innovative software vendor.  Our risk-based compliance solutions allow your business to make critical decisions with confidence. 

AML Risks

Customised Configurations

Our technology has incredible flexibility to allow instant updates of configurations to match the nature, size and complexity of your business or aligning to regulatory changes.

AML Analytics Profiling

Profiling & Data Analytics

Profiling and data analytics are the drivers of AML360's success.  Your compliance platform is equipped with best in class governance solutions to provide instant reports.

AML Risks

Dedicated Specialist

If you require a dedicated compliance specialist to strengthen internal resourcing, we will assign your firm an AML/CFT expert from your industry sector.

AML risk assessments

Enterprise-Wide AML Risk Assessment

Using machine learning, the technology instantly reports on risk factors and the current compliance status. You can start with the AML/CFT enterprise-wide risk assessment to help identify AML/CFT compliance risk exposures. If required, your firm can activate further modules to ensure adequate controls for ongoing risk compliance profiling and reporting. 

AML Risk Assessments
what is a money laundering risk assessment

AML Risk Assessment: Common Problems

Businesses of all sizes are failing to use adequate data to establish effective AML/CFT compliance procedures and controls. This is causing most to fail in the first and most important step in developing an AML/CFT compliance framework – the firm-wide risk assessment.  The AML/CFT firm-wide risk assessment must objectively meet regulatory standards of effectiveness and adequacy. Risk-based decision-making must be demonstrated. Failing to do so is the fastest path to a breach of regulatory standards.   If the risk assessment does not adequately identify risk divisions within a business, then the policy, procedures and controls will likely also have weaknesses. 

Resolve AML Risk Assessment with AML360 Technology

Self-Managed: Users log in to their secure account, select data choices on the screen, and then click ‘Calculate’.  

Advisory Services: If you require a boost to your internal resources, you can select + Advisory Services and receive quality assurance from a dedicated AML/CFT compliance professional.

International Services: AML Risk Assessment Reporting

A comprehensive management report will inform your firm of the higher-risk areas with greater exposure to unwittingly facilitating money laundering and/or financing of terrorism. You will receive your report by email and a copy is filed into your online risk register. Updates are instant.

Asia Pacific AML

Evidence-Based Reporting

Anti-money laundering and countering financing of terrorism (AML CFT) laws are increasingly becoming government priority issues. Businesses impacted include the financial services industry as well as the professional services such as lawyers, accountants and real estate agents. As these regulations deepen in complexity, the frequency of regulatory breaches is rising.

AML Risk Assessment - The 1st Step

AML business risk assessments are crucial in designing an AML/CFT compliance framework. Yet surprisingly, AML/CFT risk reports often fail to meet regulatory expectations. Despite the importance of a business risk assessment, businesses still need to work on the technicalities of an adequate risk methodology. Equally, the AML/CFT assessment report must reasonably inform business owners and AML compliance officers of the risks they must manage.

The Advantages of Regulatory Technology

AML360 has simplified the AML/CFT business risk assessment process using regulatory technology. The software provides a lower cost for completing a business risk report. Configured to capture the key risks impacting businesses across sectors, the report fully informs of risk areas with prompts for policy, procedures and controls to manage risks.

Regulatory Effectiveness

Auditors and AML Supervisors follow the approach that if it is not recorded, it does not happen. This is why it is important for a compliance framework to establish workflows and escalation processes. AML360's enterprise solution is designed to deliver low-cost AML/CFT compliance efficiency.

What is an AML Risk Assessment?

AML business risk assessments are crucial in designing an AML/CFT compliance framework. Yet surprisingly, AML/CFT risk reports often fail to meet regulatory expectations. Despite the importance of a business risk assessment, businesses still need to work on the technicalities of an adequate risk methodology. Equally, the AML/CFT assessment report must reasonably inform business owners and AML compliance officers of the risks they must manage.

Using regulatory technology, AML360 has simplified the AML/CFT business risk assessment process. The software provides a lower cost for completing a business risk report. Configured to capture the key risks impacting financial industry sectors, the secure login account can be used by lawyers, accountants, real estate agents, banks and any sized financial business entity.

aml risk assessment
AML risk assessment

Regulatory Effectiveness

AML360 has subsequently developed a cost-efficient and practical approach for AML business risk assessments. Moreover, savings on the use of human resourcing are significant. Accordingly, AML360 has achieved compliance effectiveness with a First Class AML risk assessment. Equally, the most compelling evidence is that AML business risk assessments are our expertise. After all, we recognise AML risk assessments guide a business in developing policies, procedures and controls.  Therefore, if inadequate risk measurements are relied upon, the implemented program will also have ineffective outcomes. 

AML Risk Assessment

  • Importantly, data collation, record keeping and compliance reporting are automated to ensure a seamless workflow.

money laundering risk assessment

AML Business Risks

Firstly, the platform is intuitive and you have a dedicated AML compliance professional available for ad hoc queries.


Customer Risk Profiling

Easily Identify those customers that present greater ML/FT risks to your business.

AML risk analysis

Products & Transactions

Equally, know the characteristics causing an increased risk for products, services and account activity.

AML software

Method of Delivery

Following onboarding, how are interactions with customers managed?

AML Risk Assessment


Generally, country risks arise from customers, transaction reach and business relationships.

Professional Approach

Markedly, institutions of all sizes can take advantage of AML360's AML business risk assessment technology. Therefore, if you are the Head of Risk at a tier 1 bank or an owner/operator of a small legal or accountancy firm, AML360 provides an online account for easy updates. This is especially important when core business demands are heavy, leaving less time to meet AML/CFT compliance. Comparatively, without automated processes, AML/CFT compliance obligations are likely to lag, resulting in regulatory risk.

AML RiskAssessment

Risk-Based Approach: AML Risk Assessment

To illustrate AML risks, your AML business risk assessment report is divided into five divisions. To summarise, the report details (1) The Nature, size and complexity of the business, (2) Customers (B2B & B2C), (3) Products / Services (transaction risk), (4) the Method of Delivering Products/Services and (5) Geography Risks. Furthermore, each division provides a heat map, a risk score, risk ratings of critical indicators, and a narration to explain the risks. The report explicitly provides detail of low to high-risk characteristics within business operations.

AML Risk Assessments: Regulatory Expectation

Most importantly, AML360's AML business risk assessment is easy to navigate, easily reached through a web account and affordable to small businesses. Moreover, now that AML360 has simplified a complex risk analysis process, your business will gain confidence that regulatory expectation is met.

money laundering risk assessment

AML Risk Assessments (BSA Risks)

Regulatory Technology (RegTech)

AML360 manages BSA/AML risk assessments and enterprise firm-wide AML risk reports.

Save Human Resourcing

It is important to realise the AML risk assessment takes less than 60 minutes to complete.

Risk Identification Report

Explicitly identify risk areas across business operations. Thus, include in management reporting.

Guidance Manual & Methodology

Moreover, a guidance manual ensures quick knowledge transfer.

Unlimited Updates

Easy updates. For this purpose, click the edit icon, and make any changes.

Drill Down Filters

Dashboard filters available to structure reports. For example, supporting audits.

Case Management

Use the case management feature for evidenced-based monitoring and reporting.

Easy Updates

Equally important, updates can be completed within minutes.

Key AML Risks

To conclude, your money laundering assessment report examines 50+ key risk indicators. Your report includes colour coding to identify those areas representing greater or significant risk. Additionally, your AML business risk assessment report provides narrations to explain the risks, including prompts to manage the development of policies, procedures and controls.

money laundering risk assessment

Frequently Asked Questions

AML360’s regulatory technology automates AML business risk assessments and reduces human resourcing costs.  Furthermore, easily manage the analysis process from a secure Cloud account.

Following a cleared payment, you will receive instructions on how to get started.

Instructions are emailed on How to Get Started.  The platform is intuitive and easy to use.  If you do need assistance a knowledge library is available with written instructions and video demonstrations. If you have subscribed to ‘Managed Services’, you also have access to a dedicated AML compliance professional. 

You can cancel your subscription at any time during the current subscription period. There is no automated renewal. A renewal requires your separate confirmation. Reminders are sent that your account is due to expire. You can update your risk assessment at anytime before expiry. 

Additional users can be added to your account for USD50 per month.

Your data is stored in encrypted servers, using the same level of security as that used by banks.  You are able to select the jurisdiction of your server location. You should use a unique identifier.  By following this method, only your business will know who the data pertains to.

Yes. Your account can operate with numerous compliance tools such as client risk profiling, activity monitoring, bespoke management reporting and internal reviews.

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