Financial Crime Self-Assessment
Benchmark your AML/CTF controls against FCA Dear CEO letter themes and industry best practice. Get instant Red/Amber/Green scoring across 8 key areas with actionable recommendations.
8 Assessment Areas
Aligned to FCA Dear CEO letters and Multi-Firm Reviews
Governance & Culture
Board oversight, MLRO independence, and senior management accountability (SM&CR)
Risk Assessment
Business-wide risk assessment (BWRA), high-risk categories, and ongoing monitoring
CDD & KYC
Customer due diligence, UBO verification, PEP screening, and Enhanced Due Diligence
Transaction Monitoring
Automated/manual TM systems, sanctions screening, and alert investigation
SARs
Internal SAR reporting, MLRO review, NCA submission, and trend analysis
Training & Awareness
Staff training (induction/annual), role-specific content, and competence testing
Record Keeping
5-year retention, audit trails, and regulatory request readiness
Technology & Data
FC systems, data quality, cyber security, and business continuity
Financial Crime Self-Assessment
Assess your financial crime controls against Dear CEO letter themes and FCA expectations
Assessment Setup
This helps tailor the assessment to your firm's regulatory expectations
About This Assessment
This tool evaluates your AML/CTF controls across 8 key areas aligned to FCA Dear CEO letter themes. Use the slider to rate your compliance for each question (0% = no control, 100% = fully compliant).
What You'll Get
RAG Scoring
- Red/Amber/Green scores by section
- Overall compliance percentage
- Visual dashboard with trends
- Benchmark against firm size
Actionable Insights
- Weak area identification
- Prioritised recommendations
- FCA Dear CEO alignment
- Best practice guidance
Export & Support
- Export to .txt (PDF coming soon)
- Save to retrieve later
- Expert MEMA review
- Implementation roadmap
Why This Tool Exists
Financial crime compliance is a top FCA priority, with enforcement fines running into hundreds of millions of pounds for AML failures. Yet many smaller firms treat their AML framework as a document that sits on a shelf — risk assessments are generic, CDD processes are inconsistent, and suspicious activity reporting is misunderstood. This tool helps you assess your financial crime framework against current FCA expectations.
Who This Tool Is For
MLROs
Assessing the firm's AML/CTF framework and identifying gaps before the next MLRO annual report
Compliance officers
Conducting periodic reviews of financial crime controls and policies
Senior managers with prescribed responsibility for financial crime
Understanding personal regulatory exposure and evidence requirements
Newly authorised firms
Building financial crime frameworks that meet FCA requirements from day one
How to Use This Tool
Complete the risk assessment
Answer questions about your business type, customer base, product range, and delivery channels to generate a firm-specific risk profile.
Review your controls
Assess your CDD procedures, transaction monitoring, screening processes, and SAR reporting against the identified risks.
Generate an action plan
Receive prioritised recommendations for strengthening your financial crime framework, with regulatory references and evidence requirements.
Common Mistakes This Tool Prevents
Using a generic risk assessment template without tailoring it to the firm's specific risks
How this tool helps: Generates a firm-specific risk assessment based on actual business activities and customer types
Applying the same CDD for all customers regardless of risk level
How this tool helps: Maps risk levels to appropriate CDD measures including simplified, standard, and enhanced due diligence
Failing to file SARs because staff don't understand what constitutes reasonable grounds for suspicion
How this tool helps: Provides clear SAR trigger indicators and escalation guidance specific to the firm's sector
Not conducting regular training that goes beyond basic awareness
How this tool helps: Identifies role-specific training requirements based on staff exposure to financial crime risks
Related Guidance
Need Financial Crime Compliance Support?
Our financial crime specialists can review your AML framework, update your risk assessment, design CDD procedures, deliver staff training, and provide ongoing MLRO support.
Need Financial Crime Support?
MEMA's financial crime specialists help firms design, implement, and enhance AML/CTF frameworks. From MLRO outsourcing to full remediation programmes.
📞 Phone: 0330 133 0811
📧 Email: contact@memaconsultants.com