Posted by on 5th September 2017 in March 2017 |
Client due diligence by SPONSOR Aon
The way that a firm handles
new matters is absolutely key to the long-term success and viability of the firm. Client Due Diligence (CDD) is one important aspect of handling
new instructions. If you don’t meet all your compliance obligations, it is likely that there will be shortcomings in other areas of your service. Poor practices will be replicated across the firm. If corners are cut, claims and complaints may result. Sometimes corners are cut with the intention of filling in the gaps later but that rarely happens. If such practices are picked up by the Solicitors Regulation Authority (SRA), then there may also be regulat...