Form 639, Risk Assessment Form

Understanding Form 639: Decoding the Risk Assessment Form 

Accessing vital regulatory compliance, monitoring business risks, and evaluating exposure to potential hazards are all accomplished through timely completion of Form 639. Recognized as a Risk Assessment Form, Form 639 is not only a critical tool for sound decision-making but also an essential document for a transparent operational framework in any organization. 

Importance of 639 form

The 639 Form, serving as a paramount risk assessment tool, plays a crucial role in maintaining workplace safety. It identifies potential hazards, their likelihood, and the severity of their impact. It guides the development of efficient safety systems, helping businesses remain compliant with the Health and Safety at Work Act. It's comprehensible layout and easy-to-understand structure eases the evaluation process for businesses.

How to Fill Out 639 Form Online

To fill out the 639 form PDF on the PDFliner, follow this step-by-step guide:

1. Start by entering the current date in the designated field at the top of Part 1.
2. In the Office field, enter the name or branch of the brokerage.
3. Complete the form by entering your name in the Completed By section.
4. Broker Verification requires a signature from the authorized broker to confirm the validity of the information provided. This should be signed at the end of the form completion process.
5. In Part 2, assess the frequency of the brokerage activities related to money laundering and terrorist financing risks. Use the options: Frequently, Occasionally, Seldom, Never, N/A, Don’t Know to indicate how often your brokerage provides each service listed. For example, answer whether the brokerage offers services that make it difficult to fully identify clients, or whether funds transfers (domestic and international) are offered.
6. Under the geographic locations section, check appropriate boxes based on whether you operate in high-crime areas, or deal with clients or properties in countries subject to international sanctions or identified as financial secrecy havens.
7. Evaluate whether any of the scenarios apply to individual or corporate clients like dealing with cash-intensive businesses, performing repeated transactions of the same property in a short period, or managing clients that use complex corporate structures.
8. For Part 3, review all your previous responses from Part 2 and any other relevant factors to determine and rank the brokerage’s overall risk level of a money laundering or terrorist financing offence. Select from Low, Medium, or High. Provide a rationale for your choice in the provided Explanation field.
9. If you identify a high overall risk level, elaborate on your risk mitigation strategies in Part 4. Describe the policies and procedures that will be implemented to address these risks.
10. Review your entries to ensure all information is accurate and complete. Attach additional pages if necessary to provide comprehensive details for any complex scenarios or explanations that do not fit in the provided space.

Form 639 in PDF: Added flexibility and convenience

Technology has made our lives easier, offering enhanced flexibility when it comes to legal compliance. Access to the 639 form PDF version provides this and more. It allows both small and large businesses to download, fill, and submit the risk assessment form at their convenience. The PDF file format ensures that the form maintains its standardized format when viewed on various devices, making it more accessible.