Use the highly configurable Risk Assessment tool to model your policies and determine appropriate client risk ratings whilst establishing relevant levels of ongoing due diligence.
Accelerate your decision-making process and improve time to revenue whilst maintaining AML compliance. valid8Me's risk assessment feature sets new standards in the AML compliance arena.
It equips financial institutions with the tools necessary to perform thorough risk assessments, ensuring that policies, procedures, and controls are in place and effective against the backdrop of an ever-changing regulatory landscape.
Set review dates and reminders to proactively prompt you when documents are expiring. Adopting valid8Me's risk assessment features means that you are not only meeting legal requirements but also strategically positioning your business to avoid potential financial crime risks.
It allows for more informed decision-making about clients, transactions, and business relationships, fostering a culture of compliance and due diligence.
Tailor your risk assessment by taking advantage of our no code design. Risk engines can be configured depending on your business policies ensuring you have flexible criteria for unique clients.
Leveraging global expertise and methodologies, valid8Me offers a risk assessment tool that provides a standardised, automated solution, responding to worldwide regulatory guidance. This tool allows for the execution of a firmwide risk assessment, identifying external and internal risks.
It identifies risks related to your organisation’s products, customer types, and geographies, establishing control standards and assessing control effectiveness.