DOWNLOAD THE GUIDE
Financial Crime
Business‑Wide Risk
Assessments (BWRAs):
A BeyondFS Best Practice Guide
Risk assessments are often treated as a compliance exercise – a document to file away once the boxes are ticked. The reality is more complicated. Without clear ownership, control mapping and proper follow-up, most assessments fail to stand up to regulatory challenge.
Our guide is designed to cut through that complexity. It gives MLROs and Heads of Financial Crime a step-by-step framework to run risk assessments that are regulator-ready, practical to deliver, and genuinely useful for managing financial crime risk.
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DOWNLOAD THE PDF
New risks to incorporate into your Business-Wide Risk Assessment (BWRA)
Your next BWRA will need to cover more ground than last year. From fraud and crypto, to sanctions and PEPs, new risks are stacking up fast. Regulators are making them a priority – which means you need to as well.
We’ve brought the most important developments together in one place. This up-to-date guide sets out relevant recent changes, why they matter, and the practical steps you should take now to keep your BWRA credible.
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DOWNLOAD THE HEALTHCHECK
A self-assessment tool to see if your BWRA is holding you back
In our experience, many BWRA processes look fine on paper but fall apart in practice. Too many spreadsheets, unclear ownership, weak data foundations and slow contributor engagement all chip away at confidence. When regulators expect sharper governance and cleaner evidence, those weaknesses become real risks.
This short healthcheck gives you a simple way to check where your BWRA stands today. It highlights the gaps we see most often across governance, data, scoring and delivery, and helps you work out what needs attention first.
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WATCH OUR BWRA WEBINAR
Our webinar on BWRA challenges and how to tackle them through digitalisation
Why do so many business-wide risk assessments still fall short of regulatory expectations?
In this webinar, BeyondFS Director Adrian Barnett talks with Anthony Quinn, Founder at Arctic Intelligence. They discuss why BWRAs remain one of the most common weaknesses identified by the FCA, and how digitalisation can turn a static, spreadsheet-driven process into a credible risk framework.
Let’s make
change happen
change happen
If you need support with strengthening and scaling your risk assessment processes, we can help.
Our clients turn to us instead of the ‘big 4’ because of our deep expertise in delivering financial crime change programmes. Get in touch today to find out more.
