Page 5 - The Standard - January 2019

There were some recurring issues • Continue to check CONNECT vs.
throughout the buildings that will be CentreVision during the billing
looked at before the next round of process
audits:
• The AML CDD forms need to be • When holding a one to one
checked before being uploaded, discussion with your staff, it is
in particular risk ratings and helpful to upload a record of the
information on business activities meeting to cascade – it makes the
and source of wealth and funds. appraisal process much easier.
Remember that all virtual clients
will be deemed high risk due to the The audit process will commence again
fact that we don’t have a daily this month, with some changes which will
face-to-face relationship with be announced in due course.
them. In addition, read through the
information provided on nature Overall, its impressive how much the
of business activities and source teams are working on audits, and
of wealth and funds – if it doesn’t everyone should be very proud of their
make sense to you, it probably achievements.
doesn’t make sense to HMRC
• Make sure all service retainers
match between the customer card
on CentreVision, the licence and the
agreement

January 2019