--- title: How does the Risk Assessment workflow handle a high-risk transaction? description: How does the Risk Assessment workflow handle a high-risk transaction - The Risk Assessment sets your firm's baseline risk profile . --- [Skip to content](https://knowledge.easyaml.com/how-does-the-risk-assessment-workflow-handle-a-high-risk-transaction#main-content) English - Australia Show submenu for translations Open main navigation Close main navigation - English - Australia Show submenu for translations How can we help you? - There are no suggestions because the search field is empty. 1. [easyAML Help Centre](https://knowledge.easyaml.com/?hsLang=en-au) 2. [FAQs](https://knowledge.easyaml.com/faqs?hsLang=en-au) 3. [Reporting](https://knowledge.easyaml.com/faqs?hsLang=en-au#reporting) # How does the Risk Assessment workflow handle a high-risk transaction? ## The Risk Assessment sets the baseline; each transaction is scored against it plus screening results. The Risk Assessment sets your firm's **baseline risk profile**. Each transaction is then scored against that baseline plus its own inputs, and the platform reacts automatically when a transaction lands in the High Risk band. What happens for a high-risk transaction: 1. **Risk score calculation.** Each transaction is scored from a combination of business baseline (set by the RA), per-customer inputs (entity type, structure complexity, country exposure) and screening results (PEP hits, sanctions, adverse media). 2. **Visual flagging.** The transaction shows as High Risk in dashboards and on the audit trail. 3. **Enhanced CDD triggered.** The platform prompts for **Source of Wealth** and **Source of Funds** evidence - using easyAML's ECDD workflow with \\~47 pre-built source types, tiered evidence requirements, and frozen snapshots on sign-off. 4. **Compliance Officer escalation.** The CO/Senior Manager is notified and must sign off the transaction before designated services proceed. 5. **Heightened monitoring.** The customer moves to quarterly re-screening (vs annual / 6-monthly for lower risk), and any ASIC change is flagged immediately rather than rolled up. 6. **SMR pathway.** If anything in the underlying activity raises suspicion, the SMR workflow is pre-loaded for the CO to review and submit (3-business-day lodgement timeline, 24 hours for terrorism financing). The firm can also **manually escalate** a transaction to high risk based on factors only the firm sees (overheard conversation, in-person red flag). Manual overrides are audit-logged with the user, timestamp and reason. See AUSTRAC's [Suspicious matter reports](https://www.austrac.gov.au/business/core-guidance/reporting/suspicious-matter-reports-smr) page. ### Related articles - [easyAML (Platform) Set-up Checklist](https://knowledge.easyaml.com/set-up-checklist?hsLang=en-au) - [Glossary: Key Terms & Definitions](https://knowledge.easyaml.com/easy-aml-glossary?hsLang=en-au) - [Pre-commencement customers - what CDD obligations apply, and the risks of not completing initial CDD](https://knowledge.easyaml.com/pre-commencement-customer-cdd?hsLang=en-au) - [How to Complete Your ML/TF Risk Assessment](https://knowledge.easyaml.com/how-to-complete-your-ml/tf-risk-assessment?hsLang=en-au) - [When to report a suspicious matter?](https://knowledge.easyaml.com/when-to-report-a-suspicious-matter?hsLang=en-au) - [easyAML Set-up Checklist](https://knowledge.easyaml.com/easyaml-set-up-checklist?hsLang=en-au) - [Training Videos](https://knowledge.easyaml.com/training-videos?hsLang=en-au#main-content) - [Register for Upcoming Webinars](https://knowledge.easyaml.com/training-videos?hsLang=en-au#register-for-upcoming-webinars) - [Previously Recorded Webinars](https://knowledge.easyaml.com/training-videos?hsLang=en-au#previously-recorded-webinars) - [FAQs](https://knowledge.easyaml.com/faqs?hsLang=en-au#main-content) - [General](https://knowledge.easyaml.com/faqs?hsLang=en-au#general) - [AML/CTF basics](https://knowledge.easyaml.com/faqs?hsLang=en-au#aml-ctf-basics) - [Getting started](https://knowledge.easyaml.com/faqs?hsLang=en-au#getting-started) - [Compliance Program](https://knowledge.easyaml.com/faqs?hsLang=en-au#compliance-program) - [Customer Due Diligence (CDD)](https://knowledge.easyaml.com/faqs?hsLang=en-au#customer-due-diligence-cdd) - [Training](https://knowledge.easyaml.com/faqs?hsLang=en-au#training) - [Reporting](https://knowledge.easyaml.com/faqs?hsLang=en-au#reporting) - [Sector Coverage](https://knowledge.easyaml.com/faqs?hsLang=en-au#sector-coverage) - [Pricing & Plans](https://knowledge.easyaml.com/faqs?hsLang=en-au#pricing-plans) - [Sales & Onboarding](https://knowledge.easyaml.com/faqs?hsLang=en-au#sales-onboarding) - [Trusts & Complex Structures](https://knowledge.easyaml.com/faqs?hsLang=en-au#trusts-complex-structures) - [Reliance & KYC Sharing](https://knowledge.easyaml.com/faqs?hsLang=en-au#reliance-kyc-sharing) - [ACMA SMS Sender ID Register](https://knowledge.easyaml.com/faqs?hsLang=en-au#acma-sms-sender-id-register) - [Quick Answers](https://knowledge.easyaml.com/faqs?hsLang=en-au#quick-answers) - [How-to Guides](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#main-content) - [Tasks](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#tasks) - [Transactions](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#transactions) - [Entities](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#entities) - [Insights](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#insights) - [Training](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#training) - [Compliance](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#compliance) - [Reports](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#reports) - [Account Settings](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#account-settings) - [Billing & Plans](https://knowledge.easyaml.com/how-to-guides?hsLang=en-au#billing-plans) - [KYC Information](https://knowledge.easyaml.com/kyc-information?hsLang=en-au#main-content) - [Client Resources](https://knowledge.easyaml.com/kyc-information?hsLang=en-au#client-resources) - [Person being verified](https://knowledge.easyaml.com/kyc-information?hsLang=en-au#person-being-verified) - [Glossary](https://knowledge.easyaml.com/glossary?hsLang=en-au) - [Integrations](https://knowledge.easyaml.com/integrations?hsLang=en-au#main-content) - [General](https://knowledge.easyaml.com/integrations?hsLang=en-au#general) - [Action Step](https://knowledge.easyaml.com/integrations?hsLang=en-au#action-step) - [Clio](https://knowledge.easyaml.com/integrations?hsLang=en-au#clio) - [XPM](https://knowledge.easyaml.com/integrations?hsLang=en-au#xpm) - [Scantek](https://knowledge.easyaml.com/integrations?hsLang=en-au#scantek) - [News Feed](https://knowledge.easyaml.com/news-feed?hsLang=en-au#main-content) - [Latest Release Notes](https://knowledge.easyaml.com/news-feed?hsLang=en-au#latest-release-notes) - [Support](https://knowledge.easyaml.com/support?hsLang=en-au) [![easyAML-Logo\_Magenta](https://knowledge.easyaml.com/hs-fs/hubfs/easyAML-Logo_Magenta.png?width=200&height=47&name=easyAML-Logo_Magenta.png "easyAML-Logo_Magenta")](https://easyaml.com/) Copyright © 2026, easyAML