Client risk assessment for accountants
Published
Based on your firm's broader risk assessment, this template will guide you in gathering the necessary information for identity verification and determining when to apply enhanced or simplified due diligence.
It can be tailored to fit your firm's specific needs, ensuring you meet regulatory requirements by documenting the risk assessment process and conclusions. If you identify high-risk factors, the template encourages early involvement of your MLRO before proceeding with the client.
Areas covered in the template:
Sanctions risk
Client risk
Source of Funds
Politically exposed persons (PEPs)
Ongoing monitoring
and more...