Step 02 / Explore the workbook

See the risks. Understand the controls.

A visual view of what is inside the Cryptoasset firms edition, before you open Excel. Choose a tab to explore the illustrative worked example.

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Cryptoasset firms

Financial crime risk assessment · illustrative example firm: Marlowcrest Digital Limited

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32
Pre-seeded risk factors: 5
Risk categories: 24
High or very high inherent risks: 00
Categories above appetite

bwra-crypto-worked-example.xlsxIllustrative data

Top example risks

Showing the top 7 of 31 scored factors. Pre-seeded factors you can edit, remove or add to in Excel. Residual is the category position after example controls.

The seven highest inherent risks of ten ranked in the Cryptoasset firms worked example
Risk factor	Score	Inherent	Residual	Theme
Countries subject to sanctions or embargoes	20	Very high	Medium	Countries or geographic areas
AI-enabled document fraud and identity circumvention	16	Very high	Medium	Delivery channels
Money mules and mule accounts	16	Very high	Medium	Customers
Customers found to have provided false or stolen identification	16	Very high	Medium	Customers
Unregistered or lightly supervised counterparties	16	Very high	Medium	Countries or geographic areas
Fiat on/off ramps	16	Very high	Medium	Products or services
Funds whose ultimate source is hard to trace	16	Very high	Medium	Transactions

See the actual workbook · real Excel sheets, rendered from the example file

Cryptoasset firms: Inherent risk heatmap with category scores (illustrative example)

Risk heatmap · opens full size

Cryptoasset firms: Residual risk dashboard against risk appetite (illustrative example)

Residual dashboard · opens full size

Cryptoasset firms: Top ten inherent risks with rationale (illustrative example)

Top risks · opens full size

Cryptoasset firms: Controls assessment with design and effectiveness ratings (illustrative example)

Controls summary · opens full size

Built from the same data and formulas as the worked-example workbook, for an invented firm. All figures are illustrative.

About the Cryptoasset firms edition

Cryptoasset exchange providers and custodian wallet providers registered under the Money Laundering Regulations. Cryptoasset exchange providers and custodian wallet providers are relevant persons under reg 8(2)(j) and (k). The NRA 2025 assesses the risk of money laundering through cryptoassets as high, so expect close supervisory scrutiny of your assessment.