CDD matter risk assessment form—law firms
CDD matter risk assessment form—law firms

The following Practice Compliance precedent provides comprehensive and up to date legal information covering:

  • CDD matter risk assessment form—law firms

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP day mean for Practice Compliance?

STOP PRESS: Draft Legal Sector Affinity Group (LSAG) AML guidance was published on 20 January 2021. It awaits approval by HM Treasury and any content may be amended before the final version is published with the Treasury's approval. This document reflects HM Treasury approved LSAG AML guidance published in 2018 and will be updated in due course.

Instructions for completion

When do you have to complete this form?

You must complete this form for all new matters[ that are subject to the anti-money laundering (AML) and counter-terrorist financing (CTF) regime. If you are unsure whether the AML/CTF regime applies, please seek guidance from [state who]].

Why do you have to complete this form?

We are required to undertake client due diligence (CDD)[ where the AML/CTF regime applies]. In high-level terms, CDD involves identifying and verifying the client (unless they are already known to us) and assessing

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