Online AML Institutional Risks Assessment (IRA) TOOL
It’s always a tricky task for compliance officer to conduct the AML Institutional Risk Assessment (IRA) in year end. Not to mention that starting from Sep 2021, pursuant to the revised SFC AML Guidelines, licensed corporations should review the IRA at least every 2 years, or more frequently upon trigger events with material impact on the firm’s business and risk exposure.
SFC had once issued circular about deficiencies identified in IRAs that some licensed corporations had conducted https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/aml/doc?refNo=20EC73 . We provide a template for our ONGOING clients to conduct the IRA that should ease their compliance burden.
In addition to the above, CompliancePlus has developed a tool that will help licensed corporations conducting their IRA effectively and easily by completing a questionnaire. Once questionnaire is completed, we will then provide an IRA report for your reference and comments.
For PREMIUM Plan Ongoing clients of CompliancePlus, please contact us for using the IRA Tool as part of our monthly services support to you!
For STANDARD Plan Ongoing clients of CompliancePlus, please contact us to get a quote for the additional fee to use the tool for conducting IRA!
For Non Clients and Potential Clients, please feel free to contact us at [email protected] or submit your online inquiry that we are always here for you and want to know how we can serve you on ad hoc project basis or on monthly plan!