The Financial Crime Risk Assessment is a mandatory document required for financial institutions and regulated entities operating in Belgium, designed to comply with the Belgian AML Law of 2017 and EU Anti-Money Laundering Directives. It serves as a comprehensive evaluation tool for identifying, assessing, and managing financial crime risks within an organization. The document must be regularly updated (typically annually or upon significant changes) and should reflect the latest regulatory requirements from both Belgian and EU authorities. It includes detailed analysis of customer, product, geographic, and channel risks, assessment of control effectiveness, and recommendations for enhancement. This assessment forms a crucial part of an organization's risk management framework and is subject to review by regulatory authorities including the National Bank of Belgium and CTIF-CFI.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Executive Summary: High-level overview of key findings, major risks identified, and principal recommendations
2. Introduction and Scope: Purpose of the assessment, scope of review, and methodology used
3. Regulatory Framework: Overview of applicable laws, regulations, and guidelines that form the basis of the assessment
4. Institution Profile: Description of the organization, its business model, products, services, and operational structure
5. Risk Assessment Methodology: Detailed explanation of risk assessment approach, scoring criteria, and evaluation methods
6. Inherent Risk Assessment: Analysis of inherent risks across various categories including customer, product, geographic, and channel risks
7. Control Environment Assessment: Evaluation of existing AML/CFT controls, policies, procedures, and systems
8. Residual Risk Assessment: Assessment of remaining risks after considering control effectiveness
9. Gaps and Recommendations: Identified control gaps and specific recommendations for enhancement
10. Action Plan: Proposed timeline and responsibilities for implementing recommendations
1. Transaction Monitoring Analysis: Detailed review of transaction monitoring systems and effectiveness - include when the institution has automated monitoring systems
2. Sanctions Screening Assessment: Specific assessment of sanctions screening tools and processes - include for institutions with international operations
3. Digital Services Risk Assessment: Evaluation of risks specific to digital banking channels - include for institutions offering online/mobile services
4. Correspondent Banking Risk Assessment: Analysis of correspondent banking relationships and associated risks - include for banks with correspondent relationships
5. Third Party Risk Assessment: Evaluation of risks associated with third-party service providers - include when significant outsourcing exists
1. Appendix A - Risk Assessment Matrices: Detailed risk scoring matrices and criteria used for the assessment
2. Appendix B - Control Testing Results: Detailed results of control testing performed during the assessment
3. Appendix C - Statistical Analysis: Statistical data and trends analysis supporting risk assessment conclusions
4. Appendix D - Regulatory Requirements Mapping: Mapping of assessment against specific regulatory requirements
5. Appendix E - Interview List: List of key stakeholders interviewed and summary of discussions
6. Schedule 1 - Action Plan Timeline: Detailed timeline for implementing recommended actions
7. Schedule 2 - Risk Indicators Dashboard: Key risk indicators and metrics for ongoing monitoring
Relevant legal definitions
Clauses
Relevant Industries
Banking
Insurance
Investment Services
Payment Services
Credit Institutions
Foreign Exchange Services
Asset Management
FinTech
Virtual Asset Service Providers
Trust and Company Service Providers
Relevant Teams
Compliance
Risk Management
Internal Audit
Legal
Operations
Customer Due Diligence
Transaction Monitoring
Financial Intelligence Unit
Regulatory Reporting
Front Office
Senior Management
Board Risk Committee
Financial Crime Prevention
Know Your Customer
Quality Assurance
Relevant Roles
Chief Compliance Officer
Money Laundering Reporting Officer
Risk Manager
Compliance Analyst
AML Officer
Chief Risk Officer
Internal Auditor
Financial Crime Specialist
Regulatory Compliance Manager
Head of Financial Crime Prevention
Senior Compliance Officer
Risk Assessment Specialist
Director of Risk Management
Compliance Monitoring Officer
KYC Manager
Find the exact document you need
Risk Assessment Management Plan
A mandatory risk management framework document compliant with Belgian and EU regulations, outlining organizational risk assessment and control procedures.
Download
Gardening Risk Assessment
A Belgian-law compliant risk assessment document for gardening operations, incorporating federal and regional safety requirements for hazard identification and risk control in landscaping activities.
Download
Easy Risk Assessment
A Belgian-law compliant risk assessment template for systematic workplace hazard identification and risk management, aligned with national safety regulations.
Download
Science Risk Assessment
A Belgian law-compliant risk assessment document for evaluating and managing safety risks in scientific research activities, aligned with EU regulations.
Download
Local Risk Assessment
A Belgian-compliant workplace risk assessment document that identifies, evaluates, and provides control measures for occupational hazards in accordance with local legislation.
Download
Risk Assessment Matrix Cyber Security
A Belgian law-compliant cybersecurity risk assessment matrix that evaluates and scores organizational cyber risks while providing mitigation strategies aligned with EU regulations.
Download
Security Threat And Risk Assessment
A Belgian law-governed security assessment document that evaluates organizational security threats and risks, providing analysis and recommendations within Belgian and EU regulatory frameworks.
Download
Coshh Risk Assessment
A Belgian regulatory-compliant risk assessment document for evaluating and managing hazardous substance risks in the workplace, aligned with EU chemical safety directives.
Download
Risk Assessment Policy
A Belgian-law compliant policy document establishing procedures and responsibilities for workplace risk assessment and management.
Download
Coshh Assessment
A Belgian-compliant hazardous substance risk assessment document that evaluates chemical safety risks and establishes control measures under Belgian and EU regulations.
Download
Low Voltage Directive Risk Assessment
A technical safety assessment document for electrical equipment compliance under Belgian law and EU Low Voltage Directive 2014/35/EU, required for CE marking.
Download
Hospital Risk Assessment
A Belgian-compliant comprehensive risk assessment document for evaluating and addressing potential hazards in hospital environments while ensuring regulatory compliance.
Download
Basic Risk Assessment Matrix
A Belgian-compliant risk assessment framework for systematic evaluation and documentation of workplace hazards and risks.
Download
Security Risk Assessment Report
A Belgian law-compliant security risk assessment report that evaluates organizational security risks and provides mitigation recommendations in accordance with EU and Belgian regulations.
Download
Building Risk Assessment
A detailed evaluation of building-related risks and safety measures compliant with Belgian federal and regional regulations.
Download
Bribery And Corruption Risk Assessment
A Belgian law-compliant assessment document that evaluates organizational bribery and corruption risks, current controls, and provides recommendations for enhanced compliance measures.
Download
Program Risk Assessment
A Belgian law-governed risk assessment document that evaluates and addresses program-specific risks while ensuring compliance with local and EU regulations.
Download
New And Expectant Mothers Risk Assessment
A Belgian law-compliant risk assessment document for identifying and managing workplace risks to new and expectant mothers, aligned with national and EU regulations.
Download
Threat Vulnerability Assessment
A Belgian law-compliant security vulnerability assessment document that identifies and analyzes system security risks while providing remediation recommendations under EU regulatory framework.
Download
IT Security Assessment Report
A Belgian law-compliant technical report evaluating an organization's IT security posture, identifying risks, and providing remediation recommendations.
Download
Field Level Hazard Assessment
A Belgian-compliant workplace safety document used to identify and control field-level hazards before commencing work activities.
Download
Supplier Security Assessment Questionnaire
A Belgian law-governed security assessment questionnaire for evaluating supplier security controls and regulatory compliance, particularly focusing on GDPR and local security requirements.
Download
High Level Risk Assessment
A comprehensive risk assessment document compliant with Belgian workplace safety regulations and EU directives, designed to identify and evaluate organizational risks.
Download
Cloud Computing Risk Assessment
A Belgian law-compliant risk assessment framework for evaluating security and compliance risks in cloud computing services.
Download
Bow Tie Risk Assessment
A Belgian-compliant Bow Tie Risk Assessment document for systematic hazard identification and risk management, aligned with national workplace safety regulations and EU directives.
Download
Financial Crime Risk Assessment
A Belgian regulatory-compliant assessment document analyzing an organization's financial crime risks and control framework effectiveness under Belgian and EU financial regulations.
Download
Bank Compliance Risk Assessment
A regulatory compliance risk assessment document for banking institutions operating under Belgian and EU banking regulations, focusing on risk identification, evaluation, and mitigation strategies.
Download
Simple Risk Assessment Matrix
A Belgian-compliant risk assessment matrix for systematic workplace hazard evaluation and management, aligned with national safety regulations and EU directives.
Download
Risk Maturity Assessment
A Belgian law-governed agreement for evaluating organizational risk management maturity and capabilities, ensuring compliance with local and EU regulations.
Download
Risk Assessment Medical Device
A regulatory-compliant risk assessment framework for medical devices under Belgian and EU legislation, following MDR 2017/745 requirements and ISO 14971:2019 methodology.
Download
Occupied Building Risk Assessment
A Belgian-compliant risk assessment document evaluating safety and regulatory compliance of occupied buildings, including structural, environmental, and occupational safety aspects.
Download
Manual Handling Assessment Chart
A Belgian-compliant risk assessment tool for evaluating manual handling operations in accordance with national and EU workplace safety regulations.
Download
Glass And Hard Plastic Risk Assessment
A Belgian-compliant risk assessment document for evaluating and managing hazards associated with glass and hard plastic materials in workplace environments.
Download
Display Screen Assessment
A Belgian-compliant workplace assessment document for evaluating display screen equipment workstations and ensuring regulatory compliance with national and EU safety standards.
Download
Asset Management Risk Assessment
Belgian-compliant risk assessment document for asset management operations, meeting FSMA requirements and EU regulatory standards.
Download
Process Risk Assessment
A Belgian law-compliant document that systematically assesses and documents operational process risks, providing risk analysis and mitigation recommendations under Belgian workplace safety regulations.
Download
Dust Risk Assessment
A Belgian regulatory-compliant assessment document analyzing workplace dust exposure risks and control measures, meeting national and EU safety requirements.
Download
Technical Risk Assessment
A Belgian law-compliant technical risk assessment document for identifying and evaluating operational hazards, aligned with national and EU safety regulations.
Download
Hazard Vulnerability Assessment
A mandatory technical assessment document under Belgian law that evaluates facility hazards and vulnerabilities, ensuring compliance with national and EU safety regulations.
Download
Lone Worker Risk Assessment
A Belgian-law compliant risk assessment document for evaluating and managing safety risks associated with lone working situations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)