CDDmonitor’s intelligent CMRA (Client and Matter Risk Assessment) generator is purpose-built for legal professionals seeking a compliant, consistent, and auditable approach to risk assessment. Utilising AI, it supports and enhances best practice in line with regulatory expectations while offering firm-specific flexibility.
Intelligent Risk Rating & Rationale
The system ensures every risk rating is supported by documented reasoning, capturing not just the outcome but the thought process behind it. This transparency supports both internal review and external audits.
Mandatory Risk Decisioning
Fee-earners are required to make an active, case-specific risk assessment—eliminating defaults or passive risk treatment. This embeds a culture of conscious compliance across the firm.
Fully Customisable to Firm-Specific Risks
Firms can tailor CMRA templates to align with their own Firm-Wide Risk Assessment (FWRA). Custom questions and risk indicators can be added to reflect niche client profiles, practice areas, or matter types.
Audit-Ready Recordkeeping
Each assessment generates a timestamped certificate in PDF format, maintaining a clear, accessible record for each client and matter—ideal for demonstrating due diligence during regulatory reviews.
Escalation and Sign-Off Controls
Configurable escalation settings enable high-risk matters to be automatically flagged for MLRO or senior compliance officer review.
Risk Justification & Mitigation Tracking
For all flagged concerns, the system enhances the provision of a clear reasoning behind the risk level and mitigation measures taken.
Reactive Updates as the Matter Evolves
The CMRA can be re-evaluated when new information is received—such as unexpected funds—allowing the firm to react promptly and responsibly.
Stage-Based/Ongoing Risk Reviews
Risk assessments can be programmed to trigger at preset dates reinforcing oversight throughout the matter lifecycle.
Automatic High-Risk Alerts
Using configurable rules, the software can auto-flag high-risk matters for compliance attention—reducing manual oversight gaps and enhancing firm-wide safeguards.