Client and Matter risk Assessments
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Client Matter Risk Assessments:Think First, Type Second, Tick Never
In the world of AML compliance, the Client Matter Risk Assessment is often viewed as the final hurdle before a file can truly get moving. For many fee earners, it is a chore, a list of questions to be “cleared” so the real work can start. According to recent SRA thematic reviews and industry insights,…
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Why Client Matter Risk Assessments are the Heart of AML
In the world of AML, lawyers mistake “onboarding” for a simple identity check. But if KYC is the handshake, then the Client Matter Risk Assessment (CMRA) is the deep-dive interview. To build a truly resilient AML compliance framework, law firms must move past basic identification and embrace a structured risk-based approach. Here is how CMRAs…