This webinar covered how risk assessments work in Legl and how they support your firm’s AML and compliance obligations. It is designed for compliance teams, MLROs, and users responsible for onboarding and ongoing monitoring.
You will learn how risk assessments are structured, how scores are calculated, and how to review and manage risk outcomes within the platform.
What this covers
This guide summarises the key areas covered in the webinar, including:
What a risk assessment is in Legl
How risk questionnaires are structured
How scoring and weighting works
How risk ratings are generated
Where to review and manage risk assessments
How risk links to onboarding and ongoing monitoring
This guide does not replace your firm’s internal AML policy or risk framework.
How this works at a high level
Risk assessments in Legl are designed to digitise and standardise your firm’s risk-based approach to compliance.
At a high level:
Your firm configures risk questions and scoring logic
Users complete risk questionnaires during onboarding or review
Responses are automatically scored based on your predefined weighting
A risk rating (for example, Low, Medium, or High) is generated
The outcome feeds into your compliance workflow and audit trail
Risk assessments connect directly to client records, onboarding workflows, and ongoing monitoring, creating a centralised and defensible record of your firm’s risk decisions.
When you would use this
You would typically use risk assessments in Legl:
During initial client onboarding
When assessing higher-risk matters or entity types
As part of Enhanced Due Diligence (EDD)
During periodic reviews or file audits
When there has been a material change in client circumstances
Risk assessments form part of your documented compliance decision-making process.
Key things to be aware of
Important: Risk scoring reflects your firm’s configured logic. Legl does not determine your risk appetite or override your compliance decisions.
Risk ratings are based on the scoring framework your firm has defined.
Changing question weightings can impact overall risk outcomes.
A generated risk rating should be reviewed in line with your internal AML policy.
Final risk decisions sit with your firm, not with Legl.
Ensure your risk configuration aligns with your documented firm-wide risk assessment and regulatory obligations.
Where to find this in Legl
You can access risk assessments within:
The relevant Client or Matter record during onboarding
The Risk section within a client profile
Associated compliance workflows linked to onboarding or review
Navigation may vary slightly depending on your firm’s configuration.