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: New products, business practices or technology
Change Date : 08/08/2024 | Word Count: 476 | Deployment Measure : 9/10
Rationale:
Technology is evolving to assist firms in fulfilling sanction regime duties. It is important that assessment and mitigation procedures are included within a firm’s PCPs.
Ahead of purchasing, this firm’s MLRO will carefully consider mitigating risk when new technology or new business practices are introduced in the firm. Screening tool technology is evolving to optimise
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