Overview
Reporting on risk assessments in Legl gives MLROs, AMLCOs and compliance leads firm-wide oversight of client risk levels, escalations, and reassessment timelines.
It helps you monitor high-risk matters, review decisions, and maintain alignment with your firm’s risk policy.
What this covers
This article explains how risk assessment reporting supports compliance oversight. It covers:
Visibility of all risk assessments (in progress, ready for review, and completed)
Identification of high-risk assessments
Auto-escalation to MLROs, AMLCOs or nominated contacts
Manual overrides and version control
Reassessment date tracking
How risk assessments connect to ongoing monitoring and reporting dashboards
This article does not provide step-by-step instructions for completing a risk assessment.
How this works at a high level
Risk assessments in Legl are built against your firm’s risk policy and can be configured to reflect low, medium, or high risk (or numerical equivalents).
From a reporting perspective:
All risk assessments are centrally visible to the MLRO.
Assessments marked as high risk can be automatically escalated to one or more nominated email addresses.
Escalated assessments act as a structured review queue or “to-do list” for oversight.
MLROs can review the original responses, see a full version history, and add comments.
Risk ratings can be amended or overridden where appropriate, with rationale recorded.
Reassessment dates can be automatically set based on risk level (for example, shorter review cycles for high-risk matters).
Risk assessment outcomes also inform your broader compliance reporting, including insights dashboards and monitoring workflows.
When you would use this
You would use risk assessment reporting:
To review and approve high-risk clients or matters
When responding to regulatory or SRA enquiries
During internal audits or compliance reviews
To track upcoming reassessment dates
To ensure escalations are actioned in line with firm policy
To monitor trends in client risk across departments or workflows
Where to find this in Legl
You can access risk assessment reporting in:
Insights → MLRO Oversight
You can view new compliance dashboard overview from here too
Risk Assessments (for direct visibility of assessments and escalations)
Monitoring (to review ongoing monitoring alerts connected to client risk)
Important:
Risk assessments are configured against your firm’s own risk policy. The system reflects the logic you define.
If a risk assessment is marked as high risk, it can be automatically escalated to nominated individuals. This setting must be configured in your risk assessment settings.
MLROs or AMLCOs can amend or override risk ratings. All changes are recorded in version history for audit purposes.
Reassessment periods (for example, 30, 60, or 90 days) can be set by risk level.
Ongoing monitoring remains separate from risk reassessment cycles, but both contribute to overall compliance oversight.
Reporting dashboards may vary depending on whether you are using the new Compliance dashboard or the legacy MLRO oversight dashboard.