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Risk Assessment

ComplyGenics believes Risk assessment should be the cornerstone of an effective FCC and Sanctions Compliance Program, ComplyGenics assesses your existing risk assessment methodology, offers opportunities for improvement, and reorganizes it according to industry best practices and regulatory expectations.

 

Assessing the risks of FCC and sanctions is a valuable tool that institutions can use to effectively manage their risks related to money laundering and sanctions. On the basis of our vast experience in the execution of this type of project, we have described below the approach that we generally adopt when carrying out an FCC and assessing the risk of sanction:

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Inherent Risk & OFAC/Sanctions Control Questionnaire Creation

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Data Gathering &

Preliminary Analysis

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Inherent Risk &

Mitigating Controls Assessment

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Documenting Results &

Delivering Findings

ComplyGenics with years of experience and subject matter expert has to build FCC/Sanctions Risk Assessment Methodology

  • ​Review existing methodology, and redesign it according to industry best practices and regulatory expectations.

  • Review the scope and structure of the Risk Assessment.

Contact Us

1100 Cornwall Rd. Ste. 205, Monmouth Junction NJ 08852

609-924-3400

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© 2020 by ComplyGenics