The benefits of a Financial Crime Risk Assessment
Conducting a Financial Crime Risk Assessment (FCRA) allows a Firm to identify the financial crime risks it faces, to consider how these risks are being mitigated and to identify areas for improvements in risk management. The FCRA is an essential tool for senior management, as well as compliance, in ensuring that the Firm’s resources and priorities are aligned with its risks.
Using CCL to conduct your Financial Crime Risk Assessment
Aside from it often being difficult to schedule time for this type of review or to know where to start, there is considerable benefit in having an independent, objective review of the financial crime risks that your Firm faces. CCL has a wealth of knowledge in Financial Crime and can help you identify risks and exposures that might otherwise be missed, thereby enabling appropriate procedures to be put in place.
To engage CCL to conduct your Financial Crime Risk Assessment, contact our consultancy team