{"id":10779,"date":"2026-01-08T02:08:00","date_gmt":"2026-01-08T02:08:00","guid":{"rendered":"https:\/\/www.amlcc.com\/?p=10779"},"modified":"2026-01-26T10:33:28","modified_gmt":"2026-01-26T10:33:28","slug":"what-should-a-business-wide-risk-assessment-cover","status":"publish","type":"post","link":"https:\/\/www.amlcc.com\/bhs\/what-should-a-business-wide-risk-assessment-cover\/","title":{"rendered":"What should a business-wide risk assessment cover?"},"content":{"rendered":"\n<div class=\"wp-block-uagb-container uagb-block-8cdf7575 alignfull uagb-is-root-container\"><div class=\"uagb-container-inner-blocks-wrap\"><h1 style=\"margin-top:0;margin-bottom:0\" class=\"wp-block-post-title\">What should a business-wide risk assessment cover?<\/h1>\n\n\n<div class=\"wp-block-uagb-info-box uagb-block-4293da6b uagb-infobox__content-wrap  uagb-infobox-icon-left-title uagb-infobox-left uagb-infobox-image-valign-middle\"><div class=\"uagb-ifb-content\"><div class=\"uagb-ifb-left-title-image\"><div class=\"uagb-ifb-image-content\"><img decoding=\"async\" src=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2024\/09\/Richard-Simms-AMLCC-956x1024.png\" alt=\"Richard Simms\" width=\"80\" height=\"85\" loading=\"lazy\"\/><\/div><div class=\"uagb-ifb-title-wrap\"><span class=\"uagb-ifb-title-prefix\">Richard Simms<\/span><h3 class=\"uagb-ifb-title\">Director and Founder of AMLCC and AMLCC Consult<\/h3><\/div><\/div><\/div><\/div>\n\n\n<figure style=\"aspect-ratio:16\/9;height:480px\" class=\"wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"2560\" height=\"1709\" src=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2025\/12\/pexels-divinetechygirl-1181406-scaled.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"What should a business-wide risk assessment cover?\" style=\"width:100%;height:100%;object-fit:cover;\" srcset=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2025\/12\/pexels-divinetechygirl-1181406-scaled.jpg 2560w, https:\/\/www.amlcc.com\/wp-content\/uploads\/2025\/12\/pexels-divinetechygirl-1181406-300x200.jpg 300w, https:\/\/www.amlcc.com\/wp-content\/uploads\/2025\/12\/pexels-divinetechygirl-1181406-1024x684.jpg 1024w, https:\/\/www.amlcc.com\/wp-content\/uploads\/2025\/12\/pexels-divinetechygirl-1181406-768x513.jpg 768w, https:\/\/www.amlcc.com\/wp-content\/uploads\/2025\/12\/pexels-divinetechygirl-1181406-1536x1025.jpg 1536w, https:\/\/www.amlcc.com\/wp-content\/uploads\/2025\/12\/pexels-divinetechygirl-1181406-2048x1367.jpg 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/><\/figure><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-container uagb-block-f4715dae alignfull uagb-is-root-container\"><div class=\"uagb-container-inner-blocks-wrap\">\n<div class=\"wp-block-uagb-container uagb-block-f9c6201f\">\n<p class=\"wp-block-paragraph\">A business-wide risk assessment explains where your business is exposed to money laundering, terrorist financing and proliferation financing risk, and how you manage those risks in practice. Every business regulated under the <a href=\"https:\/\/www.legislation.gov.uk\/uksi\/2017\/692\">Money Laundering Regulations 2017 (as amended)<\/a> (MLRs) must carry out a business-wide risk assessment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your business needs to use your business-wide risk assessment to inform its AML policies, controls and procedures (PCPs). And regulators use it as the starting point when assessing whether your policies, controls and procedures are genuinely risk-based or simply generic paperwork.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong>What is a business-wide risk assessment?<\/strong><\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Regulation 18 of the MLRs requires every regulated business to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>identify and assess the risks of <a href=\"https:\/\/www.amlcc.com\/what-is-money-laundering\/\">money laundering<\/a>, <a href=\"https:\/\/www.amlcc.com\/what-is-terrorist-financing\/\">terrorist financing<\/a> and <a href=\"https:\/\/www.amlcc.com\/what-is-proliferation-financing\/\">proliferation financing<\/a> to which its business is subject;<\/li>\n\n\n\n<li>take into account risk factors relating to customers, countries or geographic areas, products or services, transactions and delivery channels;<\/li>\n\n\n\n<li>keep the assessment up to date; and<\/li>\n\n\n\n<li>document the assessment and make it available to supervisors on request.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This is a business-wide risk assessment and serves three practical purposes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">First, it identifies where your real risks sit. That might be overseas clients, cash-heavy services, complex ownership structures or onboarding that\u2019s done without meeting the client in person.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Second, it drives your controls. Your AML PCPs should directly respond to the risks you have identified.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Third, it provides evidence. When a supervisor asks why you treat certain clients as higher risk, or why <a href=\"https:\/\/www.amlcc.com\/how-to-evidence-ongoing-customer-due-diligence-cdd\/\">enhanced due diligence<\/a> is required in specific situations, the answer should already be documented in your risk assessment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The core areas of your business-wide risk assessment<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The MLRs are clear about the categories of risk you must consider. In practice, a robust business-wide risk assessment will cover the following areas in detail.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Client risk<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">You must assess the types of clients your business acts for and the risks they present. This includes considering:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>whether you act for individuals, companies, trusts or other legal arrangements;<\/li>\n\n\n\n<li>the likelihood of politically exposed persons, or their family members or close associates;<\/li>\n\n\n\n<li>clients connected to higher-risk jurisdictions;<\/li>\n\n\n\n<li>clients with complex or opaque ownership structures; and<\/li>\n\n\n\n<li>cash-intensive businesses or unusual funding models.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The assessment should explain which client types are higher risk for your business and why. It should also outline how those risks are mitigated, for example through enhanced due diligence, senior management approval or increased monitoring.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Service and product risk<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Your business-wide risk assessment must consider the services you provide and how those services could be exploited. This will vary by sector, but might include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>accountancy or tax services involving complex structures or overseas elements;<\/li>\n\n\n\n<li>legal services such as conveyancing, trusts, company formation or client accounts;<\/li>\n\n\n\n<li>property agency services involving high-value transactions or overseas buyers;<\/li>\n\n\n\n<li>trust and company service provision; and<\/li>\n\n\n\n<li>advisory services where you help structure transactions or assets.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">For each service, your assessment should explain:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>how the service could be misused;<\/li>\n\n\n\n<li>whether it involves large sums of money; and<\/li>\n\n\n\n<li>whether it creates opportunities to disguise ownership or <a href=\"https:\/\/www.amlcc.com\/whats-source-of-funds\/\">source of funds<\/a>.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">You should also explain how your controls reduce those risks, such as additional checks, approval thresholds or restrictions on certain work.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Delivery channel risk<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">How you interact with clients matters just as much as who they are. Your business-wide risk assessment must consider your delivery channels, for example:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>face-to-face onboarding;<\/li>\n\n\n\n<li>remote or online onboarding;<\/li>\n\n\n\n<li>use of digital identity verification; or<\/li>\n\n\n\n<li>reliance on third parties or introducers.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Non face-to-face relationships are specifically recognised in the MLRs as potentially higher risk. Your assessment should explain when remote onboarding is used, what safeguards are in place and when enhanced checks are triggered.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Geographic risk<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">You\u2019re required to consider geographic exposure, even if you believe it is limited. This includes assessing:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>countries where your clients are based;<\/li>\n\n\n\n<li>countries where funds originate;<\/li>\n\n\n\n<li>jurisdictions connected to beneficial owners; and<\/li>\n\n\n\n<li>whether you deal with high-risk third countries or sanctioned territories.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Your assessment should explain how geographic risk is identified and what additional steps are taken when higher-risk jurisdictions are involved.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Transaction risk<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Some transactions are riskier than others, even within the same client relationship. Your business-wide risk assessment should consider:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>unusually large or complex transactions;<\/li>\n\n\n\n<li>transactions with no clear economic or legal purpose;<\/li>\n\n\n\n<li>unusual payment methods or third-party payments; and<\/li>\n\n\n\n<li>changes in transaction patterns over time.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The assessment should link these risks to your ongoing monitoring processes and escalation procedures. This is particularly important for demonstrating that AML isn\u2019t treated as a one-off onboarding exercise.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>How risks are mitigated and controlled<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Identifying risks is only half of the requirement. Your business-wide risk assessment must also explain how those risks are managed. This includes setting out:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>customer due diligence and enhanced due diligence measures;<\/li>\n\n\n\n<li>internal reporting and escalation procedures;<\/li>\n\n\n\n<li>training and awareness arrangements;<\/li>\n\n\n\n<li>record keeping and audit trails;<\/li>\n\n\n\n<li>oversight by the <a href=\"https:\/\/www.amlcc.com\/what-is-the-role-of-the-mlco\/\">MLCO<\/a> and <a href=\"https:\/\/www.amlcc.com\/what-is-the-role-of-the-mlro\/\">MLRO<\/a>; and<\/li>\n\n\n\n<li>frequency of reviews and updates.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Regulators expect to see a clear link between identified risks and the controls you rely on to mitigate them.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong>Keeping the risk assessment up to date<\/strong><\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The MLRs require your business-wide risk assessment to be kept current. In practice, this means reviewing it:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>at least annually;<\/li>\n\n\n\n<li>whenever your services change;<\/li>\n\n\n\n<li>when your client base changes; or<\/li>\n\n\n\n<li>following regulatory updates or emerging risks.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">An out-of-date assessment is treated in the same way as no assessment at all. A clear review date, documented updates and evidence of approval are essential.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Common reasons business-wide risk assessments fail inspections<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Across sectors, supervisors consistently report the same problems:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Generic templates copied from elsewhere<\/li>\n\n\n\n<li>No clear link to the business\u2019s actual services or clients<\/li>\n\n\n\n<li>Risks listed without explanation or mitigation<\/li>\n\n\n\n<li>No evidence of regular review<\/li>\n\n\n\n<li>No connection between the risk assessment and AML policies<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These failures are avoidable, but only if the risk assessment is treated as a live document rather than a compliance exercise.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Using AMLCC to structure a compliant business-wide risk assessment<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">AMLCC\u2019s business risk assessment tools are designed around the requirements of the Money Laundering Regulations 2017. The platform guides you through:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>identifying risks across clients, services, delivery channels and geography;<\/li>\n\n\n\n<li>recording your rationale, not just yes or no answers;<\/li>\n\n\n\n<li>linking risks directly to mitigation measures;<\/li>\n\n\n\n<li>maintaining version control and review dates; and<\/li>\n\n\n\n<li>demonstrating a clear audit trail for supervisors.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This structure helps ensure your business-wide risk assessment reflects your business as it actually operates, and stays aligned with the rest of your AML framework.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Final thoughts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A business-wide risk assessment is the document that explains how your business understands and manages financial crime risk. If it\u2019s clear, tailored and up to date, it strengthens every other part of your AML framework.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Supervisors expect evidence of thought, proportionality and engagement with real risk. A well-constructed business-wide risk assessment gives you that foundation, and protects both your business and your professional reputation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-uagb-info-box uagb-block-7e2f0fec uagb-infobox__content-wrap  uagb-infobox-icon-above-title uagb-infobox-image-valign-top has-ast-global-color-4-background-color\"><div class=\"uagb-ifb-content\"><div class=\"uagb-ifb-title-wrap\"><\/div><p class=\"uagb-ifb-desc\"><strong>Explore how AMLCC&#8217;s features can keep your property business completely compliant<\/strong><\/p><div class=\"uagb-ifb-button-wrapper wp-block-button\"><a href=\"https:\/\/www.amlcc.com\/product-features\/training\/\" class=\"uagb-infobox-cta-link wp-block-button__link\" target=\"_self\" rel=\"noopener noreferrer\" onclick=\"return true;\"><span class=\"uagb-inline-editing\">Learn more<\/span><\/a><\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-container article-cta uag-hide-desktop uagb-block-f6be450a\">\n<div class=\"wp-block-uagb-advanced-heading uagb-block-69b8c097\"><h3 class=\"uagb-heading-text\">The one-stop AML solution<\/h3><\/div>\n\n\n\n<p class=\"has-ast-global-color-6-color has-text-color has-link-color wp-elements-ebdcd75c82448b1b24200aa26878c3fb wp-block-paragraph\" style=\"margin-top:0px;margin-bottom:0px;font-size:20px;line-height:1.3\">Educate your teams, improve efficiency and achieve AML compliance all in one place, using AMLCC.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-container-core-buttons-is-layout-2 wp-block-buttons-is-layout-flex\" style=\"justify-content: center;\">\n<div class=\"wp-block-button is-style-fill\"><a href=\"\" class=\"wp-block-button__link wp-element-button demo-secondary\" onclick=\"Calendly.initPopupWidget({url: 'https:\/\/calendly.com\/lisa-jco\/amlcc-demo?hide_gdpr_banner=1&#038;primary_color=ff4f5b'});return false;\">Book now<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-uagb-container uag-hide-desktop uagb-block-c5c14d25\">\n<div class=\"wp-block-uagb-advanced-heading uagb-block-a787415a\"><h3 class=\"uagb-heading-text\">We know AML<\/h3><\/div>\n\n\n\n<p class=\"has-ast-global-color-6-color has-text-color has-link-color wp-elements-b9d9651e7d805b3930e06c1a2fdeee6c wp-block-paragraph\" style=\"margin-top:0px;margin-bottom:0px;font-size:20px;line-height:1.3\">We\u2019re regulated professionals too. We know what you need to comply with the Regulations.<br><\/p>\n\n\n\n<div class=\"wp-block-uagb-icon-list uagb-block-cffcf54f\"><div class=\"uagb-icon-list__wrap\">\n<div class=\"wp-block-uagb-icon-list-child uagb-block-082e00ee\"><span class=\"uagb-icon-list__source-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><path d=\"M0 256C0 114.6 114.6 0 256 0C397.4 0 512 114.6 512 256C512 397.4 397.4 512 256 512C114.6 512 0 397.4 0 256zM371.8 211.8C382.7 200.9 382.7 183.1 371.8 172.2C360.9 161.3 343.1 161.3 332.2 172.2L224 280.4L179.8 236.2C168.9 225.3 151.1 225.3 140.2 236.2C129.3 247.1 129.3 264.9 140.2 275.8L204.2 339.8C215.1 350.7 232.9 350.7 243.8 339.8L371.8 211.8z\"><\/path><\/svg><\/span><span class=\"uagb-icon-list__label\">We\u2019re internationally recognised AML experts<\/span><\/div>\n\n\n\n<div class=\"wp-block-uagb-icon-list-child uagb-block-ebce1a01\"><span class=\"uagb-icon-list__source-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><path d=\"M0 256C0 114.6 114.6 0 256 0C397.4 0 512 114.6 512 256C512 397.4 397.4 512 256 512C114.6 512 0 397.4 0 256zM371.8 211.8C382.7 200.9 382.7 183.1 371.8 172.2C360.9 161.3 343.1 161.3 332.2 172.2L224 280.4L179.8 236.2C168.9 225.3 151.1 225.3 140.2 236.2C129.3 247.1 129.3 264.9 140.2 275.8L204.2 339.8C215.1 350.7 232.9 350.7 243.8 339.8L371.8 211.8z\"><\/path><\/svg><\/span><span class=\"uagb-icon-list__label\">We work with most accountancy supervisors and the Law Society<\/span><\/div>\n\n\n\n<div class=\"wp-block-uagb-icon-list-child uagb-block-352e4894\"><span class=\"uagb-icon-list__source-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><path d=\"M0 256C0 114.6 114.6 0 256 0C397.4 0 512 114.6 512 256C512 397.4 397.4 512 256 512C114.6 512 0 397.4 0 256zM371.8 211.8C382.7 200.9 382.7 183.1 371.8 172.2C360.9 161.3 343.1 161.3 332.2 172.2L224 280.4L179.8 236.2C168.9 225.3 151.1 225.3 140.2 236.2C129.3 247.1 129.3 264.9 140.2 275.8L204.2 339.8C215.1 350.7 232.9 350.7 243.8 339.8L371.8 211.8z\"><\/path><\/svg><\/span><span class=\"uagb-icon-list__label\">Bespoke AML consultancy available for all sectors<\/span><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-buttons uagb-buttons__outer-wrap uagb-btn__default-btn uagb-btn-tablet__default-btn uagb-btn-mobile__default-btn uagb-block-fc153394\"><div class=\"uagb-buttons__wrap uagb-buttons-layout-wrap \">\n<div class=\"wp-block-uagb-buttons-child uagb-buttons__outer-wrap uagb-block-79a4148c wp-block-button\"><div class=\"uagb-button__wrapper\"><a class=\"uagb-buttons-repeater wp-block-button__link\" aria-label=\"\" href=\"https:\/\/www.amlcc.com\/consult\/\" rel=\"follow noopener\" target=\"_self\" role=\"button\"><div class=\"uagb-button__link\">Find out more<\/div><\/a><\/div><\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-uagb-container uagb-block-99e38104\">\t\t\t\t<div class=\"wp-block-uagb-table-of-contents uagb-toc__align-left uagb-toc__columns-1  uagb-block-1daea5fd article-toc     \"\n\t\t\t\t\tdata-scroll= \"1\"\n\t\t\t\t\tdata-offset= \"30\"\n\t\t\t\t\tstyle=\"\"\n\t\t\t\t>\n\t\t\t\t<div class=\"uagb-toc__wrap\">\n\t\t\t\t\t\t<div class=\"uagb-toc__title\">\n\t\t\t\t\t\t\tJump to:\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"uagb-toc__list-wrap \">\n\t\t\t\t\t\t<ol class=\"uagb-toc__list\"><li class=\"uagb-toc__list\"><a href=\"#what-is-a-business-wide-risk-assessment\" class=\"uagb-toc-link__trigger\">What is a business-wide risk assessment?<\/a><li class=\"uagb-toc__list\"><a href=\"#the-core-areas-of-your-business-wide-risk-assessment\" class=\"uagb-toc-link__trigger\">The core areas of your business-wide risk assessment<\/a><li class=\"uagb-toc__list\"><a href=\"#keeping-the-risk-assessment-up-to-date\" class=\"uagb-toc-link__trigger\">Keeping the risk assessment up to date<\/a><li class=\"uagb-toc__list\"><a href=\"#common-reasons-business-wide-risk-assessments-fail-inspections\" class=\"uagb-toc-link__trigger\">Common reasons business-wide risk assessments fail inspections<\/a><li class=\"uagb-toc__list\"><a href=\"#using-amlcc-to-structure-a-compliant-business-wide-risk-assessment\" class=\"uagb-toc-link__trigger\">Using AMLCC to structure a compliant business-wide risk assessment<\/a><li class=\"uagb-toc__list\"><a href=\"#final-thoughts\" class=\"uagb-toc-link__trigger\">Final thoughts<\/a><\/ol>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\n\n\n<div class=\"wp-block-uagb-container article-cta uag-hide-tab uag-hide-mob uagb-block-9b41d3fe\">\n<div class=\"wp-block-uagb-advanced-heading uagb-block-28078d4a\"><h3 class=\"uagb-heading-text\">The one-stop AML solution<\/h3><\/div>\n\n\n\n<p class=\"has-ast-global-color-6-color has-text-color has-link-color wp-elements-5d272eb52ee2429e4d9aca3147f023ba wp-block-paragraph\" style=\"margin-top:0px;margin-bottom:0px;font-size:20px;line-height:1.3\">Educate your teams, improve efficiency and achieve AML compliance all in one place, using AMLCC. <\/p>\n\n\n\n<p class=\"has-ast-global-color-6-color has-text-color has-link-color wp-elements-1d59a108b13f9b62392e8e9a08c592ee wp-block-paragraph\" style=\"margin-top:0px;margin-bottom:0px;font-size:20px;line-height:1.3\">Talk to our experts about how we can help you secure your business.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-container-core-buttons-is-layout-2 wp-block-buttons-is-layout-flex\" style=\"justify-content: center;\">\n<div class=\"wp-block-button is-style-fill\"><a href=\"\" class=\"wp-block-button__link wp-element-button demo-secondary\" onclick=\"Calendly.initPopupWidget({url: 'https:\/\/calendly.com\/lisa-jco\/amlcc-demo?hide_gdpr_banner=1&#038;primary_color=ff4f5b'});return false;\">Book a demo<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"uagb-position__sticky wp-block-uagb-container uag-hide-tab uag-hide-mob uagb-block-353bcb12\">\n<div class=\"wp-block-uagb-advanced-heading uagb-block-45cdaeb7\"><h3 class=\"uagb-heading-text\">We know AML<\/h3><\/div>\n\n\n\n<p class=\"has-ast-global-color-6-color has-text-color has-link-color wp-elements-b9d9651e7d805b3930e06c1a2fdeee6c wp-block-paragraph\" style=\"margin-top:0px;margin-bottom:0px;font-size:20px;line-height:1.3\">We\u2019re regulated professionals too. We know what you need to comply with the Regulations.<br><\/p>\n\n\n\n<div class=\"wp-block-uagb-icon-list uagb-block-b41f0db0\"><div class=\"uagb-icon-list__wrap\">\n<div class=\"wp-block-uagb-icon-list-child uagb-block-333d0a11\"><span class=\"uagb-icon-list__source-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><path d=\"M0 256C0 114.6 114.6 0 256 0C397.4 0 512 114.6 512 256C512 397.4 397.4 512 256 512C114.6 512 0 397.4 0 256zM371.8 211.8C382.7 200.9 382.7 183.1 371.8 172.2C360.9 161.3 343.1 161.3 332.2 172.2L224 280.4L179.8 236.2C168.9 225.3 151.1 225.3 140.2 236.2C129.3 247.1 129.3 264.9 140.2 275.8L204.2 339.8C215.1 350.7 232.9 350.7 243.8 339.8L371.8 211.8z\"><\/path><\/svg><\/span><span class=\"uagb-icon-list__label\">We\u2019re internationally recognised AML experts<\/span><\/div>\n\n\n\n<div class=\"wp-block-uagb-icon-list-child uagb-block-b485c460\"><span class=\"uagb-icon-list__source-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><path d=\"M0 256C0 114.6 114.6 0 256 0C397.4 0 512 114.6 512 256C512 397.4 397.4 512 256 512C114.6 512 0 397.4 0 256zM371.8 211.8C382.7 200.9 382.7 183.1 371.8 172.2C360.9 161.3 343.1 161.3 332.2 172.2L224 280.4L179.8 236.2C168.9 225.3 151.1 225.3 140.2 236.2C129.3 247.1 129.3 264.9 140.2 275.8L204.2 339.8C215.1 350.7 232.9 350.7 243.8 339.8L371.8 211.8z\"><\/path><\/svg><\/span><span class=\"uagb-icon-list__label\">We work with most accountancy supervisors and the Law Society<\/span><\/div>\n\n\n\n<div class=\"wp-block-uagb-icon-list-child uagb-block-c0d2ec75\"><span class=\"uagb-icon-list__source-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><path d=\"M0 256C0 114.6 114.6 0 256 0C397.4 0 512 114.6 512 256C512 397.4 397.4 512 256 512C114.6 512 0 397.4 0 256zM371.8 211.8C382.7 200.9 382.7 183.1 371.8 172.2C360.9 161.3 343.1 161.3 332.2 172.2L224 280.4L179.8 236.2C168.9 225.3 151.1 225.3 140.2 236.2C129.3 247.1 129.3 264.9 140.2 275.8L204.2 339.8C215.1 350.7 232.9 350.7 243.8 339.8L371.8 211.8z\"><\/path><\/svg><\/span><span class=\"uagb-icon-list__label\">Bespoke AML consultancy available for all sectors<\/span><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-buttons uagb-buttons__outer-wrap uagb-btn__default-btn uagb-btn-tablet__default-btn uagb-btn-mobile__default-btn uagb-block-27986e97\"><div class=\"uagb-buttons__wrap uagb-buttons-layout-wrap \">\n<div class=\"wp-block-uagb-buttons-child uagb-buttons__outer-wrap uagb-block-5e096d1b wp-block-button\"><div class=\"uagb-button__wrapper\"><a class=\"uagb-buttons-repeater wp-block-button__link\" aria-label=\"\" href=\"https:\/\/www.amlcc.com\/consult\/\" rel=\"follow noopener\" target=\"_self\" role=\"button\"><div class=\"uagb-button__link\">Find out more<\/div><\/a><\/div><\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-container half-blue-desktop uagb-block-89ea4904 alignfull uagb-is-root-container\">\n<div class=\"wp-block-uagb-container uagb-block-fdab8534\">\n<div class=\"wp-block-uagb-advanced-heading uagb-block-52a83ed5\"><h3 class=\"uagb-heading-text\">What others have said<\/h3><\/div>\n\n\n\n<div class=\"wp-block-uagb-slider amlcc-testimonial-slider uagb-block-6c68dd50 uagb-slider-container\"><div class=\"uagb-slides uagb-swiper\"><div class=\"swiper-wrapper\">\n<div class=\"wp-block-uagb-slider-child uagb-slider-child-wrap swiper-slide uagb-block-b998a2d4\"><div class=\"swiper-content\">\n<div class=\"wp-block-uagb-container uagb-block-04f3c45e\">\n<div class=\"wp-block-uagb-container uagb-block-02c01de1\">\n<div class=\"wp-block-uagb-advanced-heading uagb-block-b215507c\"><h3 class=\"uagb-heading-text\">&#8220;We had the man from the ICAEW here yesterday to carry out a QAD practice review. We got a clean bill of health \u2013 not a single action point\u2026That is in no small measure due to AMLCC so I just wanted to say \u2018thank you\u2019&#8221;<\/h3><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-uagb-container uagb-block-949a56df\">\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"550\" height=\"812\" src=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-1.jpg\" alt=\"\" class=\"wp-image-495\" style=\"aspect-ratio:3\/4;object-fit:contain;width:auto;height:382px\" srcset=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-1.jpg 550w, https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-1-203x300.jpg 203w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/figure>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-slider-child uagb-slider-child-wrap swiper-slide uagb-block-cc23ebfe\"><div class=\"swiper-content\">\n<div class=\"wp-block-uagb-container uagb-block-af8628f6\">\n<div class=\"wp-block-uagb-container uagb-block-9e1b5830\">\n<div class=\"wp-block-uagb-advanced-heading uagb-block-bdd14157\"><h3 class=\"uagb-heading-text\">&#8220;Thank you for such a perfect and informative [solution]. You have given me a clear direction for my AML training and CPD.&#8221;<br><\/h3><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-uagb-container uagb-block-ef336e36\">\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"550\" height=\"786\" src=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-2.jpg\" alt=\"\" class=\"wp-image-496\" style=\"aspect-ratio:3\/4;object-fit:contain;width:auto;height:382px\" srcset=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-2.jpg 550w, https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-2-210x300.jpg 210w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/figure>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-slider-child uagb-slider-child-wrap swiper-slide uagb-block-040a7367\"><div class=\"swiper-content\">\n<div class=\"wp-block-uagb-container uagb-block-3b2e0080\">\n<div class=\"wp-block-uagb-container uagb-block-64ce7dad\">\n<div class=\"wp-block-uagb-advanced-heading uagb-block-3d47ccc6\"><h3 class=\"uagb-heading-text\">&#8220;I just wanted to say \u2018thank you\u2019 to you, Richard, and all the team at AMLCC for providing a service that really does minimise the burden of AML compliance.&#8221;<br><\/h3><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-uagb-container uagb-block-e1d755c8\">\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"550\" height=\"732\" src=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-3.jpg\" alt=\"\" class=\"wp-image-494\" style=\"aspect-ratio:3\/4;object-fit:contain;width:auto;height:382px\" srcset=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-3.jpg 550w, https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-3-225x300.jpg 225w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/figure>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-slider-child uagb-slider-child-wrap swiper-slide uagb-block-403770d4\"><div class=\"swiper-content\">\n<div class=\"wp-block-uagb-container uagb-block-a0d5a66b\">\n<div class=\"wp-block-uagb-container uagb-block-a9b0dbd5\">\n<div class=\"wp-block-uagb-advanced-heading uagb-block-302585b3\"><h3 class=\"uagb-heading-text\">&#8220;What a refreshing pleasure working with a company who actually listens to the feedback from their customers and communicates with them!&#8221;<br><\/h3><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-uagb-container uagb-block-64782dba\">\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"550\" height=\"732\" src=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-4.jpg\" alt=\"\" class=\"wp-image-497\" style=\"aspect-ratio:3\/4;object-fit:contain;width:auto;height:382px\" srcset=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-4.jpg 550w, https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-4-225x300.jpg 225w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/figure>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-slider-child uagb-slider-child-wrap swiper-slide uagb-block-9b9b7e36\"><div class=\"swiper-content\">\n<div class=\"wp-block-uagb-container uagb-block-3a9f75d3\">\n<div class=\"wp-block-uagb-container uagb-block-aa8435c0\">\n<div class=\"wp-block-uagb-advanced-heading uagb-block-afe45a8b\"><h3 class=\"uagb-heading-text\">&#8220;Your team they have been excellent from the moment Fiona did a demo for me with only 15 minutes notice, and thoroughly going through the AMLCC product, answering the many questions I had! It was at this point at which I made up my mind this is the sort of business I want to work with for my AML.&#8221;<br><\/h3><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-uagb-container uagb-block-8f4648c6\">\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"550\" height=\"798\" src=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-5.jpg\" alt=\"\" class=\"wp-image-498\" style=\"aspect-ratio:3\/4;object-fit:contain;width:auto;height:382px\" srcset=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-5.jpg 550w, https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/testimonial-5-207x300.jpg 207w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/figure>\n<\/div>\n<\/div>\n<\/div><\/div>\n<\/div><\/div><div class=\"swiper-pagination\"><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-uagb-container uagb-block-bd594624\">\n<div class=\"wp-block-uagb-advanced-heading uagb-block-deefd48d\"><h3 class=\"uagb-heading-text\">Making compliance easier<\/h3><\/div>\n\n\n\n<div class=\"wp-block-uagb-image aligncenter uagb-block-94cd8a56 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-center\"><figure class=\"wp-block-uagb-image__figure\"><img decoding=\"async\" srcset=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/image-22-1.png ,https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/image-22-1.png 780w, https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/image-22-1.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.amlcc.com\/wp-content\/uploads\/2023\/11\/image-22-1.png\" alt=\"AMLCC newsroom\" class=\"uag-image-1454\" width=\"700\" height=\"450\" title=\"image-22-1\" loading=\"lazy\" role=\"img\"\/><\/figure><\/div>\n\n\n\n<div class=\"wp-block-uagb-buttons uagb-buttons__outer-wrap uagb-btn__default-btn uagb-btn-tablet__default-btn uagb-btn-mobile__default-btn uagb-block-d88e5ed5\"><div class=\"uagb-buttons__wrap uagb-buttons-layout-wrap \">\n<div class=\"wp-block-uagb-buttons-child uagb-buttons__outer-wrap uagb-block-762fbc5a wp-block-button\"><div class=\"uagb-button__wrapper\"><a class=\"uagb-buttons-repeater wp-block-button__link\" aria-label=\"\" href=\"\/press\/\" rel=\"follow noopener\" target=\"_self\" role=\"button\"><div class=\"uagb-button__link\">View more articles<\/div><\/a><\/div><\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A business-wide risk assessment explains where your business is exposed to money laundering, terrorist financing and proliferation financing risk, and how you manage those risks in practice. Every business regulated under the Money Laundering Regulations 2017 (as amended) (MLRs) must carry out a business-wide risk assessment. Your business needs to use your business-wide risk assessment [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":10762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"unboxed","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What Should a Business-Wide Risk Assessment Cover? 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