Text for AML Update Service
AML Update: Steps to take where a client has been sanctioned
Purchase this policy: Sanctions Policy
- 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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