How to handle compliance workarounds: a free checklist for compliance teams
Published
Every firm has workarounds, from a spreadsheet nobody mentioned to a step that's been quietly skipped for months. Some are harmless shortcuts, while others create real AML risk, and it isn't always easy to tell which is which. This free, fillable checklist walks you through five quick questions whenever a workaround comes to light, so you can understand why it's happening and decide what to do next.
Areas covered in the template:
Who's doing it, whether that's one individual, a team or the whole firm
Why the workaround exists in the first place
Whether the person knows they're creating a risk
How serious it could be, with a simple red, amber or green rating
Ideas to consider based on your rating, plus space to record an owner and review date