Firm-Wide Business Risk Assessment – December 2019

Section 30A of the Criminal Justice (Money Laundering and Terrorist Financing) Act, 2010 (which came into law on 26 November 2018) requires every accountancy firm to take the appropriate steps to identify and assess the risk that the firm could be used for money laundering, including terrorist financing purposes.

This template Firm-wide Business Risk Assessment contains all the relevant guidance you should need to prepare the Business Risk Assessment or to update your existing one. It contains suggested wording for a sole practitioner with up to ten staff, which will need to be precisely tailored to suit the individual needs of firms.

There is also a new Webinar – AML Business-Wide Risk Assessment December 2019, which you can access here – associated with this product.