SRA Sectoral Risk Assessment (Updated 5 March 2024)
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SRA Sectoral Risk Assessment (Updated 5 March 2024)
Updated SRA Sectoral Risk Assessment drawing attention to the following new risks:
1️⃣ Vendor fraud.
2️⃣ Pooled client funds.
3️⃣ Third-party managed accounts.
4️⃣ Irregular methods of transferring funds.
5️⃣ Sanctions risk has been placed under its own risk heading.
6️⃣ Updated references to Covid-19.
7️⃣ Modern slavery in relation to cash-based industries.
8️⃣ Further references to AI and cybercrime.
9️⃣ Updated position with regard to domestic PEPs.
See here.
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