Step 02 / Explore the workbook

See the risks. Understand the controls.

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

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Investment and wealth

Financial crime risk assessment · illustrative example firm: Kestrelmere Wealth Limited

Change firm type
31
Pre-seeded risk factors

Editable in your copy

5
Risk categories

Regulation 18(2)(b)

15
High or very high inherent risks

Illustrative profile

00
Categories above appetite

After example controls

bwra-wealth-worked-example.xlsxIllustrative data

Inherent risk exposure

Example placement of 31 sector risks across a 5 × 5 matrix, before controls

Impact ↑

Likelihood →

LowMediumHighVery highTop ten risk, by rank
  1. 1: Unusual or excessively complex ownership structures, score 16
  2. 2: Politically exposed persons, family members and close associates, score 16
  3. 3: Source of wealth and source of funds difficult to establish, score 16
  4. 4: High-value assets managed or traded, score 16
  5. 5: Private banking style services, score 16
  6. 6: Countries subject to sanctions or embargoes, score 15
  7. 7: Outsourcing and third-party delivery, score 12
  8. 8: Vehicles for holding personal assets, score 12
  9. 9: Countries with significant corruption or criminal activity, score 12
  10. 10: Exposure to high-risk domestic and international customers, score 12

Risks by theme

Illustrative concentration, not live firm data

  • Customers9
  • Countries or geographic areas7
  • Transactions7
  • Products or services4
  • Delivery channels4

Reading the example. Compare inherent exposure with the controls in place. Residual risk can remain material even where controls exist, and must be assessed on evidence.

Top risk drivers

  1. 01Unusual or excessively complex ownership structuresVery high
  2. 02Politically exposed persons, family members and close associatesVery high
  3. 03Source of wealth and source of funds difficult to establishVery high

What the workbook calculates

Risk scores, risk ratings, control strength and residual exposure against your appetite, in this example 12.1 inherent falling to 6.2 residual. Every rating can be changed as you complete your own assessment.

Formula-led scoring
See the actual workbook · real Excel sheets, rendered from the example file
Investment and wealth: Inherent risk heatmap with category scores (illustrative example)Risk heatmap · opens full sizeInvestment and wealth: Residual risk dashboard against risk appetite (illustrative example)Residual dashboard · opens full sizeInvestment and wealth: Top ten inherent risks with rationale (illustrative example)Top risks · opens full sizeInvestment and wealth: 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 Investment and wealth edition

Wealth managers, investment managers, advisers and platforms. Investment firms providing investment services or activities on a professional basis are financial institutions under reg 10(2)(c). The NRA 2025 assesses wealth management as high risk for money laundering.