Did you miss any of these new and updated optional paragraphs that were added or edited in Lexsure's CQS Policy Template Documents database in recent weeks? Below is a list of examples of some of the latest suggested inclusions. High-risk Third Countries Your firm’s AML Policy should state that you apply EDD measures in any transaction or business relationship with a person established in a high-risk third country. This updated paragraph deals with the latest list of high risk countries. Anti-Money Laundering Policy 5MLD Requirements - Reporting on a Company’s Beneficial Ownership Addresses the Fifth Anti-Money Laundering Directive (5MLD) dealing with the requirement to report certain information discrepancies to Companies House. AML Policy Template Submitting Better Quality Suspicious Activity Reports (SARs) Submitting good quality SARs can reduce delays and help the UKFIU to quickly prioritise and process the report. Poor quality reporting can lead to unnecessary delays, partic...
This blog is for CQS accredited firms in England and Wales. Including topics like the Conveyancing process, Conveyancing Policy Templates and Conveyancing case law. As it contains everything about conveyancing and conveyancers it should be of particular interest to property lawyers and property solicitors, as well as COLP and Compliance Managers.