Labuan FSA AML/CFT/CPF and TFS Guidelines · para 7.34

Independent Audit Rating Tool

Score each test point across the 12 audit areas, grade exceptions Significant, Moderate or Minor, and see how each area and each 7.34 item rates.

Choose the licence, then score each test point. Changing the licence resets area K. Your entries are saved in this browser.
References for this licence

How we rate

Step 1 · Score each test point
CompliantTested, no exception. 100%
PartiallyControl exists but with gaps or weak evidence. 50%
Non-compliantControl missing or failed. 0%
Not testedIn scope, no work done. Lowers coverage.
N/ADoesn't apply (state why). Excluded.

Score = average of tested points. Coverage = tested ÷ applicable.

Step 2 · Grade each exception (template)
SignificantImmediate attention. With a high degree of certainty may lead to:
  • Substantial losses
  • Serious violation of strategy, policy or values
  • National or international media damage
  • Loss of licence or material fines
ModerateTimely attention. Could lead to:
  • Financial losses
  • Loss of controls in the process
  • Local or regional media damage
  • Public sanction or immaterial fines
MinorRoutine attention. Improves quality or efficiency. Likelihood rare, impact low.

Proposed tie-breakers (not in the template): serious impact but only possible likelihood is Moderate; low impact that is near-certain to recur is Moderate; an AMLA or Guidelines breach starts at Moderate unless purely documentary.

Step 3 · Area and 7.34 item rating
Not ratedCoverage below %
UnsatisfactoryAny Significant finding, or score below %
Needs improvementAny Moderate finding, or score below %
SatisfactoryScore at or above the upper threshold, Minor findings only.

A 7.34 item takes the worst rating of the areas mapped to it, and is Not rated if any of those areas is. Overall = worst item; any Not rated item means 7.34 is not fully met. Thresholds are proposed defaults: agree them with the Board before fieldwork.