risk assessment and management (rba)

If you are a small business or just starting out, our risk assessment will provide a Risk Based Approach (RBA), document that measures and outlines what you’re doing well and where you can strengthen your compliance efforts. This will allow you to confidently build your overall compliance program, which is one of our most sought-after services.

Taking a risk-based approach is essential to your overall AML compliance health.

And with new proposed legislation in 2025, having a documented effective compliance plan that takes a sound risk-based approach would be a requirement, not just a recommendation for regulated entities. 

Our team can help upgrade your RBA by:

• Assessing your company’s inherent risks, including your client base, geographic risk, technology or factors specific to your business that might indicate Money Laundering or Terrorist Financing Risk

• Determining an acceptable level of risk for your organization and establishing thresholds within your compliance program 

• Implementing compliance processes and strategies to help you determine risk including, Enhanced Due Diligence processes, KYC (Know Your Customer) Protocols, Record Keeping, Transaction Monitoring and Reporting, application of ministerial directives and ongoing monitoring of ML/TF risk and effectiveness.

Your best bet at keeping regulators happy is to always ensure your compliance programs are assessing and addressing risk effectively.

Our experts consist of Canada’s top AML talent and lawyers that specialize in AML & Governance and can help get your Risk Assessment strategies in line, so that when FINTRAC shows up at your door, there will be minimal friction.

Marcelle Dadoun - Principal, Program Design and Advisory
marcelle@theamlshop.ca
LinkedIn

Marcelle Dadoun, Principal, Program Design and Advisory leads The AML Shop's compliance program design division and provides advisory support to all reporting types, including new and evolving money services businesses, payment service providers and fintech clients looking to navigate local and international regimes for registration, licensing, and regulations. Marcelle also specializes in the development and maintenance of AML policies, procedures, risk assessments and training programs. Read more.

Adam Feldman - Principal, Risk Management and Technology
adam@theamlshop.ca
LinkedIn

Adam Feldman leads The AML Shop's risk management and technology divisions as Principal, Risk Management and Technology.  As an experienced process engineer, Adam has a passion and talent for understanding, quantifying, and implementing efficient mitigation systems and processes across multiple industries and jurisdictions. Read more.