CMRA
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Client matter risk assessment: Balancing compliance with conveyancing momentum
I recently joined a roundtable discussion with several MLROs to dive into the evolving world of Client Matter Risk Assessments (CMRAs). The conversation moved quickly past the “tick-box” mentality, focusing instead on how forward-thinking firms are reframing these assessments as continuous strategic assets rather than administrative hurdles. Here are the three biggest takeaways from the…
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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…