Country Risk

COUNTRY RISK

Identify which countries represent the most risk to your business in global trade

Understanding the relative risk of doing business with another country has never been so fundamental to financial institutions.

Rather than taking a blanket approach to risk, it is now necessary to maintain a competitive advantage by tuning your risk assessment to focus on where the risk is greatest.

We all have impressions of how risky other countries are, based on anecdotes, news stories & personal prejudice. However our first impressions are perhaps not the best guide to driving risk assessments & the world is so diverse & hard to appreciate, that we are unlikely to have the first-hand experience of many countries.

At SQA Consulting we have developed a country risk index for every country in the world, which provides the relative risk rating for each of those countries. It can easily be tuned to focus on the type of risk-relevant for the task at hand, for example, sanctions risk, EDD, PEPs, etc.

By tuning your systems to focus where risk is greatest, you can turn around from spending 90% of your resources on low risk, to putting your effort on high risk.

 

Get in touch via [email protected] for more information.

around-laptop

Focus your resources in your high-risk areas.

AML Compliance TESTIMONIALS

LATEST

AML COMPLIANCE NEWS & VIEWS

The amount of money, resources and time a company chooses to invest in sanctions screening is a risk-based decision based on their perception of
Read more...
We thought we would round off our series on Ransomware with something a little more off-piste and discuss an opensource product called CanaryTokens.  This
Read more...
This is the fourth article in a series on the topic of Quality Considerations for Financial Crime Teams.   Click here for the first article
Read more...

Get In Touch

Technology Consulting Partners