AML/CFTR 4.5.5 Simplified ongoing monitoring

This Part applies to ongoing monitoring in relation to a customer that presents a low level of risk. The ongoing measures must be commensurate to the level of risk and may include the reduction, based on a reasonable threshold determined by the firm, of the intensity, extent and frequency of:

(a) the firm's scrutiny of the customer's transactions; and
(b) the firm's review of its records of the customer.
Derived by QFCRA RM/2019-8 (as from 1st February 2020)