Text for AML Update Service
AML Update: Controls and Recordkeeping
Purchase this policy: Sanctions Policy
- Change date
- 17/11/2025
- Word count
- 83
- Deployment measure
- 8/10
Rationale
Expansion of the policy to require formal documentation whenever the firm relies on the General Licence, including client details, payment records, and confirmation of compliance.
In situations where firm relies on the OFSI General Licence to accept or bill for work for a designated person, the following records must be kept: - Name of the
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