Text for CQS CPMS Policy
CQS Policy: High-risk Third Countries
Purchase this policy: Anti-Money Laundering Policy
- Change date
- 07/11/2023
- Word count
- 80
- Deployment measure
- 7/10
Rationale
Your firm’s AML Policy should state that you apply EDD measures in any transaction or business relationship with a person established in a high-risk third country. This updated paragraph deals with the latest list of high risk countries.
You must apply Enhanced Due Diligence (EDD) measures in any transaction or business relationship with a person established in a high risk third country (MLR 2017 regulation 33(1)(b)). The list of high risk third countries is set out in Schedule
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