Your financial crime risk assessment is a legal requirement. But is it actually working for you? Firms often treat risk assessments as compliance paperwork.

The ones that get it right use them as a strategic tool, shaping everything from resource allocation to how effectively they detect and manage real threats.

In this episode of ThirdEye View, Financial Crime Regulatory Specialist Claire Rees is joined by Nicky Green, Advisory Director at Square 4, to explore what good looks like and the common pitfalls that stop firms from getting there.

They cover:

• Why risk assessments are often done poorly and what the consequences are

• What the regulations require across the UK, Australia and New Zealand

• How to build an effective risk assessment that drives real business decisions

• The most common mistakes and how to avoid them

• What good governance looks like in practice

Read the full blog post: https://jadethirdeye.com/view/getting...

About ThirdEye: ThirdEye is a complete AML compliance platform designed for financial institutions in the UK, Australia, and New Zealand.

We help organisations build effective, risk-based financial crime programmes that protect communities while meeting regulatory requirements.

Learn more: https://jadethirdeye.com