Due Diligence and Ongoing Monitoring

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  • 1.  AML Review in Onboarding

    This message was posted by a user wishing to remain anonymous
    Posted 04-01-2025 07:54 AM
    This message was posted by a user wishing to remain anonymous

    Hello

    Are you including AML in the vetting of a new vendor (onboarding)?  We are completing OFAC on all vendors but asking if anyone else has AML participate in the Onboarding review process?

    Thank you



  • 2.  RE: AML Review in Onboarding

    Posted 04-03-2025 07:27 AM

    Yes, I can confirm that this practice is very common in the financial services sector, oil and gas and law firms.