Overview
When your firm uses the review step, or a risk assessment is escalated because it is high risk, the assessment is assigned to a nominated reviewer (often the MLRO or AMLCO) to check and finalise. This article explains how to review a risk assessment that has been assigned or escalated to you. Only the assigned reviewer can complete the review.
Before you start
A risk assessment has been assigned to you for review (Ready for review) or escalated to you because it is high risk
You have access to the Risk Assessments area in Legl
How to review a risk assessment
How you review an assessment depends on whether it was escalated to you because it is high risk, or assigned to you through your firm's review step.
Reviewing an escalated risk assessment
Go to Risk Assessments in Legl.
Select Assessments.
Locate the risk assessment with an Escalated status and click to open it.
Add your comments in the Comment following escalation field.
Tick I confirm that I have reviewed the above high Risk Assessment.
Select Complete review.
Reviewing an assessment that is ready for review
Go to Risk Assessments in Legl.
Select Assessments.
Locate the risk assessment with a Ready for review status and click to open it.
Select Mark as reviewed in the top right.
Add your comment in the Reviewer comment field.
Tick I confirm that I have reviewed the information in this Risk Assessment.
Select Complete review.
What happens next
Once you complete the review, the risk assessment is finalised and its status updates on the dashboard.
For the review step, the person who completed the assessment is notified by email once your review is complete.
Important information
Only the assigned reviewer can complete the review and finalise the assessment.
For escalated high-risk assessments, the original author cannot complete the review themselves.
The review, and any change to the risk rating, are recorded in the audit trail.