How can intermediaries strengthen their risk assessment ability in compliance management?

Intermediaries can strengthen the risk assessment ability in compliance management from the following aspects.

1. Establish a sound risk assessment system, clarify the process, methods and standards of risk assessment, ensure the scientificity and objectivity of risk assessment, and require the business, customers and partners of intermediary agencies to conduct risk assessment and adjust the assessment results in time.

2. Strengthen due diligence on customers. When conducting business cooperation, conduct due diligence on customers, understand their qualifications and credit status, and judge their compliance and risk level, including their corporate background, operating status, financial status, credit records, etc.

3. Strengthen the management of partners, conduct due diligence and risk assessment when selecting partners, ensure that the qualifications and credit status of partners meet the compliance requirements of intermediaries, and supervise and control the business and operation of partners.

4. Strengthen internal risk management, formulate internal risk management system, establish risk prevention mechanism, supervise and control internal business and operation, strengthen the training of internal employees' compliance awareness and risk prevention awareness, and ensure that employees' behavior meets the compliance requirements of intermediaries.

5. Strengthen information construction, establish a sound data management and risk control system, manage and analyze business and customer data in a unified way, discover and control risks in time, and use big data and artificial intelligence and other technical means to improve the accuracy and efficiency of risk assessment.