- Today
- A new client signs, an assistant collects passports and company register extracts by email, someone checks the owners and the sanctions lists by hand, and the engagement waits.
- Agents take over
- Agents collect the identity and company documents, check owners, sanctions and politically exposed persons against the sources the firm chose, draft the risk assessment and the engagement letter, and open the client file.
- A person decides
- An accountant approves the risk assessment before the engagement starts; a higher risk or a possible match always goes to the compliance officer.
- The audit trail records
- The documents, the sources checked, the result, who approved it and when are recorded per client.
- Your team owns
- The acceptance rules, the risk criteria and the letter templates are the firm's own, in the practice system.