How to produce Business Risk assessment report in Taxcalc

A risk assessment is the process of identifying and evaluating potential hazards in the workplace concerning the day-to-day running of a business organisation. It is a legal requirement that involves identifying company's risk taking timely measures to control hazards and mitigate risks and compile a record of risk assessment to be compliant with firm's policies and procedures. 

To create a Business Risk Assessment or Firm Risk Assessment report :

Launch AML Centre>Firm Wide compliance. Open Firm Wide Risk Assessment tab> New.

You are provided with a variety of risk factors identified under

Client: Access risks relating to your new and existing clients with in the firm.

Geography: Access risk that would relate to the geographical location your clients are based in.

Products and Services: Identify  risk on the products or services that your firm provides to the clients.

Transactions: Access risks on the firms transaction with the clients.

Delivery Channels: Identify the risk associated with the methods of interaction with clients.

Go to Reports to generate a Firm Wide Risk Assessment Report.