MLR3C8195 - Compliance visit tests: Checking compliance under the Risk Based Approach: ASPs, EABs and TCSPs

For ASPs, EABs and TCSPs the basic requirements for effective AML controls are:

• compliance with risk assessment, policies, controls and procedures requirements
• compliance with the minimum legal requirements for customer due diligence
• the ability to recognise higher-risk situations and respond with additional measures to mitigate the increased risk
• identify and report suspicious activity to NCA.