Text for CQS CPMS Policy
CQS Policy: New products, business practices or technology
Purchase this policy: Anti-Money Laundering Policy
- Change date
- 24/04/2024
- Word count
- 304
- Deployment measure
- 7/10
Rationale
Technology is evolving to assist firms in fulfilling AML duties, and it is important that assessment and mitigation procedures are included within a firm’s PCPs. Further guidance can be found at section seven of the LSAG guidance.
Ahead of purchasing, this firm’s MLRO will carefully consider mitigating risk when new AML technology or new business practices are introduced in the firm. AML Technology is evolving to optimise
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