Score, monitor and mitigate AML risk — the way regulators expect.

A complete Risk-Based Approach (RBA) framework aligned to FATF Recommendations — covering customer, geography, product, channel and industry risk, with heat-maps that go straight to the board.

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What is the RBA?

From regulator concept to operational reality.

The Risk-Based Approach was first proposed by the FCA in 2000 and adopted by the FATF in 2007. It has since been embraced by the Wolfsburg Group, IOSCO and most national regulators.

The RBA is the recognition that AML controls should be calibrated to the risk perception, appetite and customer risk profile of the institution — not applied uniformly. Done well, it focuses your scarce compliance resources where they create the most value.

LiveEx Risk Framework
RBA implementation

Four steps. Continuously.

01

Identify

Define and catalogue every risk factor relevant to your business.

02

Assess

Quantify the level of risk attached to each factor.

03

Understand

Map the impact of each risk on the institution.

04

Mitigate

Apply controls, monitor effectiveness and review.

Risk factor indications

The four lenses LiveEx scores against.

Customer

Background, AML system checks and political affiliations (PEPs).

Geographical risk

Country of residence and country of incorporation.

Products & services

Account/facility type, currency and previous banking relationship.

Industry

Nature of business activity and related activities.

LiveEx-Shield · RBA

Heat-map dashboards for senior managers and the Board.

The LiveEx Risk-Based Framework is aligned with the FATF Recommendations (adopted 2012). At its centre is a heat-map — a snap-shot visual display of risk status that goes straight to senior managers and the Board, no spreadsheets required.

Risk mitigation

Extended risk-mitigation form.

An in-built Risk Mitigation form (extended version) supports assessment of preventative measures, control strength and audit functions — at the group level. Mitigation actions are tied back to the risks they address, so nothing falls between the cracks.

Risk categories

The three lenses we score against.

01

Customer Risk

Profile, history, ownership and beneficial-owner risk.

02

Geographical Risk

Country of operation, residence and incorporation.

03

Product · Service · Transaction

Risk attached to the products and channels involved.

LiveEx — Residual Risk

From inherent risk to residual risk, on a schedule.

LiveEx assesses residual risk across four bands — Low, Medium, Medium High and High — taking into account both inherent risk and the strength of mitigating controls. The MLRO customises the framework per business, and the system generates the residual risk score with a periodic review schedule attached.

  • Customisable per business by the MLRO
  • Considers inherent and residual risk together
  • Generates residual risk with periodic review schedule
  • Tier-aware: Low, Medium, Medium High, High
High-risk transaction monitoring

Built-in features.

  • All high-risk transactions are escalated to Compliance Monitoring
  • Real-time customer history analysis
  • Multi-level escalations
  • RBA-aware investigations
  • Mitigation control verification
  • Email alerts to concerned departments
  • Quick-review dashboards

Make RBA an operational reality, not a policy document.

See LiveEx Risk-Based Framework configured for your jurisdiction, customer mix and product set.

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