Risk assessments are a core AML/CTF requirement for Tranche 2 professionals. ClearAML walks you through a structured questionnaire for each client type and automatically calculates a risk rating — Low, Medium, or High — based on the answers. Completed assessments are stored permanently on the client’s profile and can be exported as a PDF for your compliance file.Documentation Index
Fetch the complete documentation index at: https://docs.clearaml.com.au/llms.txt
Use this file to discover all available pages before exploring further.
The risk assessments dashboard
Navigate to Dashboard → Risk Assessments to see assessments across all clients. The dashboard shows four summary tiles:Total assessments
The total number of assessments on file, across all clients and risk levels.
High risk
Clients currently rated High risk. Click to filter the table to this group.
Medium risk
Clients currently rated Medium risk.
Pending
Clients who have been verified but have not yet had a risk assessment completed.
How risk scoring works
ClearAML uses a structured risk engine that scores clients across multiple factors. The factors assessed depend on the client type.- Individuals
- Companies
- Trusts and partnerships
- Other entities
The questionnaire for individual clients considers:
- Nationality and residential country — residence or citizenship in a FATF grey- or black-listed jurisdiction increases risk.
- Countries of operation / wealth origin — countries where the client earns income or holds assets.
- Occupation / industry — certain occupations carry inherently higher money-laundering exposure.
- Source of funds — employment, business income, investments, inheritance, crypto, or other.
- Annual income — higher income bands are weighted differently.
- Onboarding channel — face-to-face onboarding is lower risk than purely digital.
- PEP status — whether the client is a Politically Exposed Person.
- Adverse media — whether negative news coverage has been recorded.
Risk ratings
After you submit the questionnaire, ClearAML calculates one of three ratings:| Rating | Meaning | Typical review cycle |
|---|---|---|
| Low | Standard risk profile. No material red flags identified. | Every 36 months |
| Medium | Elevated risk. One or more risk factors warrant ongoing attention. | Every 24 months |
| High | Significant risk indicators present. Enhanced due diligence required. | Every 12 months |
Review cycles are calculated automatically from the assessment date and appear in the Next Review column on both the Assessments dashboard and the Clients table.
Running a risk assessment
Open the client profile
Go to Dashboard → Clients and click the client whose assessment you want to complete or update.
Start the questionnaire
From the client’s summary area, click Run Risk Assessment (or the equivalent action in the client details section). The questionnaire opens, pre-filled with any data already on file.
Complete the questionnaire
Answer each question. Fields pre-populated from previous assessments or client data can be adjusted if circumstances have changed.
Escalation
Some combinations of risk factors trigger an automatic escalation flag. When escalation is triggered:- The assessment is marked with an Escalation badge in the Assessments table.
- The client’s compliance checklist prompts you to complete Enhanced Due Diligence (EDD).
- An EDD case is created under the client’s profile for tracking additional review steps and documentation.
Downloading PDF reports
Every completed assessment can be exported as a PDF risk assessment report suitable for your compliance file.Find the assessment
The tab lists all assessments in reverse chronological order, each showing the risk rating and the date it was completed.