Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your CQS CPMS Policy.
text for CQS CPMS Policy:
CQS Policy: Proceeds being sent to non-client
Change Date : 17/10/2023 | Word Count: 121 | Deployment Measure : 8/10
Rationale:
Draft wording specifically addresses the situation where lawyers are asked to transfer money to anyone other than the client. This wording should also be considered for inclusion within the firm’s AML policy
If you are asked to transfer money to anyone other than the client you must: # Verify that there was a proper reason for the transfer of the funds connected
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