The Firmwide Risk Assessment (FWRA)
Bespoke Compliance That Stands Up to Scrutiny
Most Anti-Money Laundering (AML) policies fail because they are “off-the-shelf” templates that don’t reflect reality. Regulators, specifically the SRA and FCA, are increasingly critical of generic documentation.
Our approach is different. We believe the firmwide risk assessment should not be a static, one-size-fits-all product; it must be intrinsically linked to your firm’s specific client base and work types to be effective and compliant.
Our Focused Process
We deliver your firmwide risk assessment through a high-impact, consultative engagement designed to capture the unique nuances of your practice without draining your billable hours.
-
The Interview: We conduct a 30–50 minute deep-dive interview with your MLRO or Practice Manager.
-
The Drafting: Following the session, our experts spend the next business day drafting your bespoke assessment.
-
The Precision: We go beyond the basics to provide the granular detail the SRA seeks, specifically addressing Transactional Risk and Delivery Channels.
The Outcome
You receive a robust, audit-ready document that accurately mirrors your firm’s risk profile. This isn’t just a checkbox exercise; it is a strategic shield that demonstrates a sophisticated understanding of your regulatory obligations.
Details:
| Deliverable | Bespoke Firm-Wide Risk Assessment (FWRA) |
|---|---|
| Expert Time | 1 Full Day of Drafting & Analysis |
| Compliance Focus | SRA-aligned (Transactional & Delivery Channel Risk) |
| Cost | £850 + VAT |