Your AML file review checklist
Published
With regulators focusing on individual files, ensuring every matter is compliant isn't just best practice—it's essential for your firm's defence. But how can you be sure your policies are being followed consistently, file by file?
This practical checklist is designed for MLROs, compliance teams, and team leaders to verify that every file holds complete, accurate, and risk-appropriate AML information. It’s a step-by-step tool to give your staff a single reference point and help you build a robust, contemporaneous audit trail, ready for scrutiny
What's inside the checklist:
A comprehensive template covering everything from the initial Client and Matter Risk Assessment (CMRA) to CDD/EDD, Source of Funds, and ongoing monitoring.
A single reference point to ensure that risk indicators, red flags, and escalation thresholds are applied uniformly across the firm.
Customisable, sector-specific questions for specialist practice areas including Conveyancing, Family, and Employment.
Clear guidance on how to tailor the wording and questions to match your firm’s specific policies, risk appetite, and workflows.
A clear structure for creating a contemporaneous audit trail showing adherence to the Money Laundering Regulations 2017 and LSAG guidance