client matter risk assessment checklist
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Developer-Referred New-Build Purchases: Who Controls the AML Checks?
The post discusses the importance of thorough AML investigations in new-build and off-plan property transactions. It emphasizes that familiarity with a development does not negate the need for proper client assessments. Developers’ recommendations shouldn’t dictate AML decisions, and each transaction requires careful scrutiny of funding sources and obligations.
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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…