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Makes available the latest paragraphs for you to consider including in your CQS CPMS Policy.
text for CQS CPMS Policy:
CQS Policy: New products, business practices or technology
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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