Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your AML Update Service.
text for AML Update Service:
AML Update: Estate, probate and trusts administration
Change Date : 11/07/2024 | Word Count: 522 | Deployment Measure : 9/10
Rationale:
A good example of a draft practice specific assessment of estate, probate and trusts administration work undertaken by the firm. This particular wording is for a firm that considers the work to be low risk given the processes adopted, work conducted and profile of clients.
Estate, probate and trusts work is deemed to be in the regulated sector for AML purposes and represents approximately [specify] % of the firm’s revenues. There is a greater degree of unregulated work related to estate planning that is outside
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