Maintain a regulatory compliance risk assessment with a regulatory inventory

Risk Assessment policy, §4

A separate non-AML assessment inventories the federal, state, and sponsor bank requirements that reach the program and rates compliance risk product by product and customer cohort by cohort, with the control that addresses each.

Annual

Written before launch and refreshed each year

List the regulations that apply, rate each product and cohort for inherent risk, control effectiveness, and residual risk, and summarize the control assessment.

• Regulatory compliance risk assessment

  Regulatory inventory plus rated product and cohort tables

Compliance Officer

Leela can build the regulatory inventory from your products and jurisdictions for the officer to rate.

Tell Leela about your company to see whether this applies.