SRA – firm-wide risk assessments

December 2023/January 2024 | Conduct, practice and risk management
The SRA has produced useful guidance regarding firm-wide risk assessments. They state that: ‘Firms that are within scope of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“the money laundering regulations”) must have a written firm-wide risk assessment in place. The requirement to produce a firm risk assessment …
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