Text for AML Update Service
AML Update: New products, business practices or technology
Purchase this policy: Sanctions Policy
- 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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