## Summary

This guide walks you through completing the digitized AML risk assessment for an organization as part of your KYB onboarding workflow.

## When to Use This

Use this step after your initial compliance checks have returned. It allows you to evaluate inherent risks based on specific scenarios and automatically attributes a risk rating to the client.

## Step-by-Step Instructions

1. Navigate to the **AML Summary** tab within your client's onboarding record.
2. Locate the **Risk Assessment** item in the checklist and click **Complete** (or Edit if previously started).
3. Review the digitized scenario-based risks, which are pulled directly from AUSTRAC inherent risk guidelines.
4. Select **Yes** or **No** for each scenario (for example, whether the entity operates in a high-risk country).
5. Review the automatically attributed risk rating (ranging from Low to High) based on your selections.
6. Click **Update risk** to save the assessment to the client's profile.

## Common Questions

* **Where do the risk assessment questions originate from?**
  The questions have been digitized and pulled directly from AUSTRAC inherent risk scenarios.

* **How is the final risk rating calculated?**
  The system automatically attributes ratings ranging from Low to High depending on which scenario-based risks you flag as "Yes".

## Troubleshooting Tips

* If the overall onboarding is marked as high-risk unexpectedly, double-check your assessment to ensure you haven't accidentally selected "Yes" for a high-risk scenario, such as the entity being located in a high-risk country.



How to Complete the AML Risk Assessment for Companies

 Configuring Verification and Compliance Checks for individuals

Sending Onboarding Requests and Accessing the AML Summary for individuals

Completing the individual Risk Assessment and Finalising Onboarding

How to Onboard an Individual

Performing a Verification of Funds Check

How to Escalate a Client to a Compliance Officer

Enhanced Due Diligence and Escalations

How to Finalise Trust Onboardings

How to Complete the AML Risk Assessment for Trusts

How to Onboard a Trust

How to Finalise Company Onboardings

How to Onboard a Company

Conducting an Initial Risk Review for Escalations

Resolving or Investigating Escalations Further

Reviewing Escalations as a Compliance Officer

AML Customer Due Diligence

Editing staff details to resolve Staff Onboarding validation errors

Duplicate Users - Practice Management Software Integration

Old Users Appearing in Staff Onboarding

Troubleshooting

How to add your AUSTRAC enrolment number

Setting up the AML/CTF Compliance Centre

Navigating the Transactions tab

Governing Body access in the Compliance Centre

Senior Manager or Client-Facing staff access in the Compliance Centre

Understanding the Transactions list

User roles and Viewing permissions

Navigating the Compliance Centre

Uploading your own Firm risk assessment

Completing the Firm Risk Assessment

Uploading an external Policy document

Generate a Policy and Process document

Managing policy and process documents

Policy and Process overview

Due Diligence requirements for Compliance Officers

Performing the Bankruptcy Register search

Performing the Criminal History check

Onboarding a Compliance Officer

Onboarding Governing Body, Senior Manager and Client-facing roles

Managing Staff Onboarding

How to Review Profile Matches from a Screening Check

Understanding Screening Check Statuses

Conducting PEPs, Sanctions, and Adverse Media Checks

Tracking completed Training Modules

How to check Training Status and access your Training Completion Certificate

How to access and complete Training modules

Managing Staff Training

AUSTRAC Reports

Viewing and filtering existing Reliance Agreements

Creating a New Reliance Agreement

Managing Reliance Agreements in the Compliance Centre

Frequently Asked Questions

Getting Started with the Compliance Centre

Guide

Help Center - Live

How to Complete the AML Risk Assessment for Companies

Share

Share

How to Complete the AML Risk Assessment for Companies

Share

Share