AML/CTF Risk Assessment

Kinds of Clients

TrustEasy’s ML/TF risk assessment automatically flags if you provide services to high-risk clients like PEPs, non-residents from high-risk jurisdictions, or those in elevated ML/TF sectors. The results of this risk assessment will give a clear indication on the risk your accounting firm carries.

Kinds of Services

With TrustEasy, vulnerable services like offshore tax advice, transaction-disguising bookkeeping, complex entity creation, nominee arrangements, property deals, or bank introductions are proactively assessed for ML/TF exposure. The platform automates risk scoring and indicates the risk your accounting firm is exposed to.

Delivery Channel Risk

TrustEasy ML and TF risk assessment tools checks for vulnerabilities through the delivery channels. Red-flag indicators can help you to identify suspicious circumstances relevant to client interactions. These could include, if the client: avoids direct contact, or requests services with no face-to-face meetings asks for unreasonable anonymity or engages you through a third party with no clear reason.

Foreign Jurisdiction Risk

TrustEasy’s assessments target high-risk countries tied to organized crime, corruption, or terrorism financing, scanning cross-border links and subsidiaries for threats. Red-flag indicators as indicated by AUSTRAC for clients with international connections could include when the client:  is from a high-risk jurisdiction, asking for business representation in Australia, has a business owned or controlled by a parent company from a high-risk jurisdiction, transfers money or virtual assets to or from a country they have no connection with, transfers money or virtual assets to or from entities in high-risk countries, uses multiple foreign bank accounts for no reason, transacts with jurisdictions known to produce or move drugs, or precursor chemicals, without an economic reason, pays unusual consultancy fees to offshore businesses.