Purpose
Reduce the risk of facilitating unlawful transactions.
Scope
- • All client and counterparty relationships.
Core requirements
- Screen clients and counterparties against applicable sanctions lists.
- Apply AML measures proportionate to jurisdiction and risk.
Recommended evidence
- Screening logs.
- AML policy.
Examples of acceptable practice
- Documented screening at onboarding and material changes.
Examples of problematic practice
- No screening of high-risk counterparties.
Jurisdiction notes
- Sanctions regimes evolve rapidly; local counsel is essential.
Related knowledge
Change history
| Version | Date | Note |
|---|---|---|
| 1.0 | 2025-01-01 | Initial public draft. |
This standard is educational and does not constitute legal advice. Members must comply with applicable law and regulation in every jurisdiction in which they operate.
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