Client and Matter risk Assessments
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The “Set It and Forget It” Client Matter Risk Assessment Trap
In the UK AML landscape, onboarding attracts the attention and transaction monitoring secures the investment. The auditors at Lexsure have noted during Independent AML audits that CMRAs are often completed at the outset but left alone thereafter. If you want to find the true unsung hero of a robust compliance framework firms need to focus…
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SRA AML Audits: What Law Firms Need to Evidence
The Solicitors Regulation Authority (SRA) is intensifying its Anti-Money Laundering (AML) enforcement, conducting a record number of audits ahead of the FCA’s expanded oversight. Firms must prioritize compliance, as deficiencies found can lead to serious consequences. A compliance checklist highlights essential steps to prepare for increased scrutiny and potential fines.