Introduction to Assurance: methods of gaining assurance: limited risk visit
The Risk Team may have identified specific and clearly defined risks in an otherwise apparently compliant trader. This may arise from credibility queries, possibly to a trader who has only recently been subjected to visit.
The visit will be conducted at the trader’s premises, or at your office and is designed to seek assurance in one specific area of a trader’s business activities, where there are no other risks identified.
If it becomes apparent that the specific concern cannot be resolved, or further concerns are identified, the visit should be extended to fully address the risks.