Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your Terms & Conditions.
text for Terms & Conditions:
T's & C's: Pooled Client Account
Change Date : 14/11/2023 | Word Count: 156 | Deployment Measure : 7/10
Rationale:
JMLSG Guidance means that the maintaining your firm’s client account is entitled to ask you to provide evidence of your CDD on any, or all of your clients. You should disclose to clients the need to collect due diligence material. It is a legal obligation to actively comply with Money Laundering Regulations of which this forms part, so the client must be made aware of the use of their personal information in this way.
The Anti Money Laundering Guidance which UK banks and other financial services firms must adhere to guidance issued by the Joint Money Laundering Steering Group (JMLSG). The JMSLG considers all
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