Please see the full list of activities with loss and gain of CMLs.
|Activity||Loss or increase of CML per week or per instance||Annual increase or decrease||Lifetime increase or decrease|
|1. 5 minutes of compliance training or engagement or activity once a week.||2 CML per instance||$1,248 based on 5 minutes of training per week||$49,920 (more than a year’s net income)|
|2. Engaging a third party with appropriate due diligence||14 CML per week they are engaged (based on 2 CML per day)||$8,736 per third party per year.
Assuming the average engagement is 3 per year, that’s a saving of $26,208 per year.
|Taking an assumption of 3 engagements per year over a 40 year period, that’s $1,048,230 (nearly half of the average lifetime salary)|
|3. Engaging a third party agent without due diligence||– 2 CML per week they are engaged||– $8,736 per year.
Assuming the average engagement is 3 per year, that’s a loss of – $26,208 per year.
|-$1,048,230 (see 2 above)|
|4. Regularly updating due diligence of existing third parties||2 CML per week||Taking presumptions of 2 above, that’s $26,208 per year.||Taking presumptions in 2 above, that’s $1,048,230|
|5. Recording benefits||20 CML per instance||Let’s assume that people need to record 5 benefits a year, that’s $600||$24,000 (more than half a year of net salary)|
|6. Not recording benefits||-200 CML per instance||I have greatly increased the loss of CMLs than I added in 5 above, as usually when people don’t record they have something to hide. Based on not recording 5 times a year that comes to a whopping -$12,000||-$480,000 (around a quarter of lifetime earnings)|
|7. Working in foreign territories||-2 CML per week||Based on people who travel working abroad 18 weeks a year, this amounts to – $432||– $17,280 (this figure can easily be negated through training in 1 above)|
|8. Managing a large group of people in different territories||-2 CML per week||– $1248||– $49,920|
|9. Reporting incidents||200 CML per instance||$2,400||$96,000|
|10. Not reporting incidents||-2000 CML per instance||-$24,000 (I have increased the loss by 10 fold from the gain on the basis that someone who does not report is more likely to have something to hide – plus not knowing about the risk increases the risk significantly).||-$960,000|
|11. Sharing confidential files on non-network computers||-2 CML per instance||Assuming that someone who shares files once, will do it a number of times in a year I have used a multiplier of 240 (i.e. days people work per year) to get -$5760||-$230,400|
|12. Working with Government officials||-20 CML per week per official||– $12,480||Based on working with a Government Official over 50% of work life: -$249,600|
|13. Working in any kind of sales or procurement role||-2 CML per week||– $1,248||– $49,920|
|14. Permanently working in remote jurisdictions away from head office||-10 CML per week||– $6,240||– $249,600|