Text for CQS CPMS Policy
CQS Policy: Proceeds being sent to non-client
Purchase this policy: Mortgage and Property Fraud Prevention Policy
- 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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