Ten Steps to a stress-free FIAU REQ 2024

The FIAU REQ season is typically a stressful time for Subject Persons. But with proper planning in advance, the process of completing and filing in the REQ can be accomplished without having to spend late nights at the desk.

We have developed these 10 steps which are discussed in more detail in this eBook:

1. Maintain an updated Business Risk Assessment (BRA) document
2. Have updated policies and procedures in place
3. Check internal registers
4. Automate ongoing monitoring screening
5. Stay on top of the latest list of high-risk jurisdictions
6. Ensure customer files are complete
7. Run Customer Risk Assessments (CRA) on all clients
8. Keep data and records at hand
9. Consider carrying out an internal audit
10. Leverage technology