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Client and Matter Risk Assessments: What you need to do to ensure compliance.
Client and Matter Risk Assessments: What you need to do to ensure compliance.
The SRA issued its Warning Notice to Firms in October 2023, stating: "We continue to see a persistent level of non-compliant client/matter risk assessments, and this remains an area where improvement is necessary. Undertaking effective client/matter risk assessments is a key step in preventing money laundering as it should inform the correct level of client…