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

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31
Pre-seeded risk factors: 5
Risk categories: 15
High or very high inherent risks: 00
Categories above appetite

bwra-wealth-worked-example.xlsxIllustrative data

Illustrative control catalogue

Each control is rated for design and operating effectiveness, with the evidence behind the rating. Showing the 7 weakest of 13.

Proliferation financing assessment and controls25%High Weak
Mitigates: Countries or geographic areas, Transactions, Products or services
Design 2 / operating 1
Policy statement and sanctions screening only.
Transaction monitoring and scrutiny50%Medium Adequate
Mitigates: Transactions, Countries or geographic areas, Customers
Design 2 / operating 2
Transaction rules suited to cash-style flows; limited for portfolio-based activity.
New product and technology risk assessment50%Medium Adequate
Mitigates: Products or services, Delivery channels
Design 3 / operating 2
New products reviewed; the online platform assessment is not yet complete.
Third-party, agent and outsourcing oversight50%Medium Adequate
Mitigates: Delivery channels, Customers
Design 3 / operating 2
Annual custodian and introducer reviews; limited testing.
Source of funds and source of wealth verification50%Medium Adequate
Mitigates: Customers, Transactions
Design 3 / operating 2
Source of wealth checks documented but corroboration inconsistent for overseas clients.
Customer due diligence (identification, verification, purpose)75%Low Strong
Mitigates: Customers, Products or services, Delivery channels
Design 4 / operating 3
Relationship manager and compliance checks with periodic refresh.
Enhanced due diligence and PEP handling75%Low Strong
Mitigates: Customers, Countries or geographic areas, Transactions
Design 3 / operating 3
Tested EDD for PEPs and high-risk clients with senior approval.

Controls in the Investment and wealth worked example
Control area	Mitigates	Design / operating	Strength	Example evidence
Proliferation financing assessment and controls	Countries or geographic areas, Transactions, Products or services	2 / 1	25%High Weak	Policy statement and sanctions screening only.
Transaction monitoring and scrutiny	Transactions, Countries or geographic areas, Customers	2 / 2	50%Medium Adequate	Transaction rules suited to cash-style flows; limited for portfolio-based activity.
New product and technology risk assessment	Products or services, Delivery channels	3 / 2	50%Medium Adequate	New products reviewed; the online platform assessment is not yet complete.
Third-party, agent and outsourcing oversight	Delivery channels, Customers	3 / 2	50%Medium Adequate	Annual custodian and introducer reviews; limited testing.
Source of funds and source of wealth verification	Customers, Transactions	3 / 2	50%Medium Adequate	Source of wealth checks documented but corroboration inconsistent for overseas clients.
Customer due diligence (identification, verification, purpose)	Customers, Products or services, Delivery channels	4 / 3	75%Low Strong	Relationship manager and compliance checks with periodic refresh.
Enhanced due diligence and PEP handling	Customers, Countries or geographic areas, Transactions	3 / 3	75%Low Strong	Tested EDD for PEPs and high-risk clients with senior approval.

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 size

Investment and wealth: Residual risk dashboard against risk appetite (illustrative example)

Residual dashboard · opens full size

Investment and wealth: Top ten inherent risks with rationale (illustrative example)

Top risks · opens full size

Investment 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.