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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: Record keeping – source of funds
Change Date : 24/06/2025 | Word Count: 158 | Deployment Measure : 9/10
Rationale:
Draft wording citing Regulation 40 of the MLR 2017 on retaining customer due diligence and transaction monitoring records, including SOF, for at least five years after the end of the relationship or transaction. Records must remain intact to maintain compliance and traceability.
In accordance with Regulation 40 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 ("MLR 2017"), we are required to retain adequate supporting
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