AML/CFT Compliance & Risk Assessment
Institutional risk assessments, gap analyses and control reviews for licensed businesses and SMEs.
Last updated:
Licensed businesses in Hong Kong, such as trust or company service providers (TCSPs) and dealers in precious metals and stones (DPMS), must carry out and keep a written institutional risk assessment. BizAion, led by accountants with extensive compliance review experience, provides institutional risk assessments (IRA), AML/CFT gap analyses and control effectiveness reviews to help you face regulators and banks with confidence. From HK$12,000.
Who it is for
- Dealers in precious metals and stones (DPMS)
- Trust or company service providers (TCSPs)
- Money service operators (MSOs / money changers)
- Cross-border e-commerce, high-value goods traders and any business raising its compliance standard
Plans and fees
Institutional Risk Assessment (IRA)
A legal requirement for licensed businesses.
- In-depth interviews with management
- Inherent risk assessed across customers, geography, products and channels, set against your existing controls
- A written IRA report to regulatory standard, ready for regulators and banks
- Fee depends on business complexity and product range
AML/CFT Gap Analysis
Is your compliance manual up to date with the law?
- Desktop review of your existing AML policies and procedures manual
- Clause-by-clause comparison with the latest Hong Kong AMLO and FATF guidance
- A gap report pointing out outdated or missing sections, with recommended fixes
Control Environment Review
Your rules are written. Does the front line follow them?
- Field review: sample customer files (KYC/CDD) and screening records from the past 6–12 months
- Test front-line staff's compliance awareness and find gaps in practice
- Test results and a control-weakness report, with targeted retraining recommendations
Please note
- Fees depend on the number of files sampled and the size of your front-line team.
- Fees above are BizAion's professional fees in HKD. Government fees, auditor's fees and other third-party costs are charged separately at cost.
Frequently asked questions
How much does AML/CFT Compliance & Risk Assessment cost at BizAion?
From HK$12,000. Fees above are BizAion's professional fees in HKD. Government fees, auditor's fees and other third-party costs are charged separately at cost.
What is included in BizAion's AML/CFT Compliance & Risk Assessment service?
Licensed businesses in Hong Kong, such as trust or company service providers (TCSPs) and dealers in precious metals and stones (DPMS), must carry out and keep a written institutional risk assessment. BizAion, led by accountants with extensive compliance review experience, provides institutional risk assessments (IRA), AML/CFT gap analyses and control effectiveness reviews to help you face regulators and banks with confidence. From HK$12,000.
Who is this service for?
- Dealers in precious metals and stones (DPMS)
- Trust or company service providers (TCSPs)
- Money service operators (MSOs / money changers)
- Cross-border e-commerce, high-value goods traders and any business raising its compliance standard
How do I get started?
Message us on WhatsApp or call +852 7091 3665, or email info@bizaion.com. The first consultation is free, and the process has three steps: consult, quote, done.