Tag: Anti-Money Laundering
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How do the SRA decide which CQS firms to inspect?
The SRA adopt a risk-based approach to AML supervision. The SRA visits a greater number of firms classified as high risk, while also conducting visits to low and medium-risk firms. It is important to note that a visit does not automatically imply that your firm is deemed high risk for potential money laundering activities. To…
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New CQS focused webinar on managing residential risk
Specialists in property search and data, tmgroup and IQ Legal Training, are collaborating to present a complimentary webinar focusing on the vital subject of risk management for CQS accredited firms. The webinar will underscore the essential good practices and policies that CQS firms should embrace in addressing fraud, claims, and anti-money laundering concerns. The webinar…
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Lexsure Publishes CQS Policy Updates for July 2023
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…