Risk Assessment Services

A risk assessment should be a part of any well-run organization, and if you are governed by the Bank Secrecy Act, it's the foundation of your compliance. Regulators expect financial institutions to identify, measure, and document their money laundering, fraud, and terrorist financing risks. A well-prepared risk assessment helps management allocate resources, strengthen controls, and demonstrate a thoughtful, risk-based approach to compliance.

We don't simply provide a template. We work alongside your team to understand your business, explain the reasoning behind every risk rating. We are your coach to build your custom risk assessment. Our goal is to leave you with a regulator-ready document—and the knowledge to keep it current.

Many institutions have a risk assessment, but it may no longer reflect current products, services, customers, geographic exposure, or regulatory expectations. So if your circumstances have changed, we review your existing assessment, identify gaps, and either enhance it or build a more robust version that better supports your compliance program.

Most risk assessments can be completed in a few weeks, depending on the size and complexity of your institution and how quickly requested information is available. We begin with interviews and document reviews, then develop a customized assessment and walk through the findings with your management team.

The fee is a function of the size and complexity of your company. We begin with a understood floor of $3,500. We'll talk about your company and what's required of DaylightAML - and then we'll agree on a fee for services. And you will be more than pleased with the Risk Assessment's quality when we are finished. Guaranteed.