Assess the control environment and derive residual risk
Each control that mitigates an identified risk is listed with its status and adequacy, including controls not yet implemented, and residual risk is derived per dimension and for the program overall.
Annual
With each assessment, and whenever a control is added or fails
Build the control table with status and adequacy, adjust each inherent rating for control effectiveness, and state the overall residual rating and the dimensions driving it.
- Control assessment and residual rating table
Inherent, control effectiveness, and residual rating per dimension
AML Compliance Officer
Leela can prepare the artifact and hand it to a person for review.
Leela can keep the control table current from your control inventory and testing results.
Tell Leela about your company to see whether this applies.
Tell Leela how you handle it today, or hand it over: see what’s next.