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Customer Risk Assessment

Evaluate your CRA framework against regulatory expectations and industry best practices to identify areas for improvement.

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Why Assess Your CRA Framework?

An effective Customer Risk Assessment framework is the cornerstone of a robust AML compliance program. It ensures resources are allocated proportionally to risk and helps demonstrate compliance with regulatory expectations.

Identify Gaps

Discover potential vulnerabilities in your CRA approach that could lead to compliance issues.

Measure Maturity

Benchmark your program against industry standards and determine your maturity level.

Action Plan

Receive tailored recommendations on how to enhance your CRA processes and tools.

Start Your Assessment

Complete the questionnaire below to evaluate your Customer Risk Assessment framework across six key dimensions.

Questions

34 Questions

Estimated Time

15-20 Minutes

Instructions

1. Answer all questions based on your organisation's current practices.

2. Select all applicable options for checkbox questions.

3. Navigate through all six sections to complete the assessment.

4. Review your results to identify strengths and areas for improvement.

5. Your responses are processed locally and not stored or transmitted.

Customer Risk Assessment Self-Assessment

Evaluate your CRA framework against best practices and identify improvement areas.

ProgressSection 1 of 6

Customer Risk Assessment Methodology

1

Who are risk assessments conducted on?

Who are risk assessments conducted on?
2

If risk assessments are conducted on the underlying beneficial owners and controllers of the customer (where customer is a legal entity), do these risk assessments feed into the overlying customer's risk assessment?

If risk assessments are conducted on the underlying beneficial owners and controllers of the customer (where customer is a legal entity), do these risk assessments feed into the overlying customer's risk assessment?
3

If an individual is beneficial owner and/or controller of numerous customer legal entities, are all of the customer legal entities allocated the same risk rating?

If an individual is beneficial owner and/or controller of numerous customer legal entities, are all of the customer legal entities allocated the same risk rating?
4

What type of system is used to conduct customer risk assessments?

What type of system is used to conduct customer risk assessments?
5

How often is the customer risk assessment system reviewed and/or updated?

How often is the customer risk assessment system reviewed and/or updated?

About This Self-Assessment

This tool helps institutions evaluate their Customer Risk Assessment (CRA) framework based on common regulatory expectations and industry best practices (e.g., FATF, Wolfsberg Principles). It covers key areas like methodology, risk factors, processes, governance, and quality assurance.

Disclaimer: This is a self-assessment tool for informational purposes only and does not constitute legal or regulatory advice. Your responses are processed locally in your browser and are not stored or transmitted. For a comprehensive review, consult with compliance experts or request a personalised demo of iTrack.