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: Steps to take where a client has been sanctioned
Change Date : 11/09/2024 | Word Count: 759 | Deployment Measure : 8/10
Rationale:
Identifies the various steps to take in situations where a current client may become designated, without the possibility of terminating the firm’s retainer beforehand. Focuses predominantly on what to do where there is no general licence in place
Sanctions can be brought in quickly and without warning. This can lead to situations where a current client may become designated, without the possibility of terminating our firm’s retainer beforehand.
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