It's not an only-child. there's big sister Enhanced Due Diligence (EDD) and baby brother Simplified Due Diligence (SDD) too. We'll get to them later.
You have completed a risk assessment and written policies and procedures to mitigate and manage those risks. Now is the time to get into the specific nitty gritty.
You must appoint a nominated officer. If you are a sole practitioner, then you are the Nominated Officer. (NO) The NO receives reports of suspicious
Most sanctions and penalties are levied not because a procedure is wrong, but because a firm does not follow its own procedure, or has no procedure at all.
The risk-based approach. In a nutshell, you must assess where your business is most at risk - in order to plan your mitigation. While some