Risk Assessment Guidance Document

The Payments Association sets out to enable access to and trust in payments so people can pay and get paid more easily, quickly and securely.

This is only possible if the risks attached to any payment are assessed correctly. And what ‘correctly’ looks like is not clear, especially relating to the assessment of the risks of money-laundering.

So, our team of volunteers on Project Financial Crime, supported by our Benefactor Refinitiv, asked the experts at Payments Association member fscom to clarify this in this Payments Association Guide to Risk Assessment.

The guide describes an AML risk assessment and why is it necessary. It describes an ‘EnterpriseWide Risk Assessment (EWRA)’ and a ‘Customer Risk Assessment (CRA)’. It then makes the case for why and how often a risk assessment should be conducted.

Thank you to everyone involved with this project, and especially to fscom for helping us close this gap in knowledge in payments. Please pass this on to anyone involved with assessing risk in payments, anywhere in the world.

Download Whitepaper

Membership

Merchant Community Membership

Are you a member of The Payments Association?

Member benefits include free tickets, discounts to more tickets, elevated brand visibility and more. Sign in to book tickets and find out more.

Welcome

Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.

Access this content

This content is only available to members - please see instructions below!

Log into your member account to continue

Member of The Payments Association? Log in to continue reading

Having trouble signing?

We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.

First things first

Have you set up your Member account yet? If not, click here to do so.

Still not receiving your auto-login link?

Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.

Please click the button below which relates to the issue you’re having.

I didn't receive an e-mail

Tip: Check your spam

Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association

Tip: Check “other” tabs

Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.

Tip: Click the link within 60 minutes

For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.

Tip: Only click once

The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.

Tip: Delete old login e-mails

Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.

Tip: Check your security policies

Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.

Need to change your e-mail address?

For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.

Still got a question?