Client and Matter risk Assessments
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AML Audit Case Study: Missing Risk Assessment, Policies and Training
Originally published May 2024. Updated October 2026. This AML audit case study concerns a practice whose regulatory review identified gaps in its firm-wide risk assessment, policies and training. The original account records a two-week deadline for corrective action. The case illustrates the pressure created when basic AML arrangements need to be addressed after a regulator…