Our latest insights

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.

Simply fill in the form below to download:

The Payments Association exist to help drive the industry forward. As such The Payments Association may contact you about any future content or events that we think you may have a legitimate interest in. We will store your information securely and never share your details with third parties other than the resource sponsor/curator without your consent. You may opt out at any time. By clicking submit you are agreeing to the terms of our Privacy Policy.

Login or Register

Don't have an account?

Are you part of the Payments Association community?

Log in using your Community Member e-mail address and password:

Not yet set up your login for the Payments Association Community Platform? Set it up now

Set up a free account for instant access to our content

You don’t need to be an Payments Association member to view the majority of our content. Simply enter your details below once to set up your login details and get access to our library of whitepapers, podcasts, consultation papers, webinars and more.

First Name*
Last Name*
Company Name*
Job Title*
Username*
Business Email Address*
Password*
Confirm Password*
Agreement*
The Payments Association exist to help drive the industry forward. As such the Payments Association may contact you about any future content or events that we think you may have a legitimate interest in. We will store your information securely and will never share your details with third parties other than the relevant resource(s) sponsor(s)/curator(s). You may opt out at any time. By clicking register you are agreeing to the terms of our Privacy Policy.

← back

Download Risk Assessment Guidance Document

Please Log In to view this content

Don't have an account?

Are you part of the Payments Association community?

Log in using your Community Member e-mail address and password:

Not yet set up your login for the Payments Association Community Platform? Set it up now

Set up a free account for instant access to our content

You don’t need to be an Payments Association member to view the majority of our content. Simply enter your details below once to set up your login details and get access to our library of whitepapers, podcasts, consultation papers, webinars and more.

First Name*
Last Name*
Company Name*
Job Title*
Username*
Business Email Address*
Password*
Confirm Password*
Agreement*
The Payments Association exist to help drive the industry forward. As such the Payments Association may contact you about any future content or events that we think you may have a legitimate interest in. We will store your information securely and will never share your details with third parties other than the relevant resource(s) sponsor(s)/curator(s). You may opt out at any time. By clicking register you are agreeing to the terms of our Privacy Policy.

← back

If you experience any difficulties logging in or require assistance please email [email protected]

Risk Assessment Guidance Document

Summary: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.