Overview
This on-demand session shows how Risk Assessments work in Legl and how they support your firm's AML and compliance obligations. It is designed for MLROs, compliance teams, and anyone responsible for onboarding and ongoing monitoring.
Who this is for
MLROs, compliance officers, and onboarding teams who create, review, or sign off risk assessments.
Watch the recording
What this covers
Building and customising templates, including the self-serve template library and Risk Assessment Builder
Using the dashboard to oversee every assessment by status, template, and risk rating
How Legl Assist auto-answers questions from existing CDD data, and how to override them
How conditional logic, scoring, and weighting produce an overall risk rating
How high-risk factors are flagged and escalated for sign-off
Reviewing, overriding a rating, and recording decisions in the audit trail
Setting reassessment dates and managing version history
Completing both client and matter risk assessments
Key takeaways
Templates are self-serve. Start from the SRA-based template library and customise questions, logic, and weightings in the Risk Assessment Builder. Legl can help if you prefer.
Legl Assist pre-fills answers from the client's CDD report to cut manual input. You stay in control and can override any answer.
The overall rating reflects your firm's weightings, and a single high-risk factor can raise the whole assessment to high.
High-risk assessments can auto-escalate to a nominated reviewer, such as your MLRO, for sign-off before completion.
Every change is captured in a time and user-stamped version history, and reassessment dates can be set automatically by risk level.