Comsure’s Country Risk Register is updated for all Comsure iTrack clients
10/03/2022
Comsure’s iTrack is a sophisticated [albeit easy to use] CLIENT RISK ASSESSMENT [CRA] tool – at its heart are risk registers. One register being a HIGHER COUNTRY RISK REGISTER [copied below]
This Comsure COUNTRY RISK REGISTER has been updated following recent global events and the JFSC amendment to the appendix D2 – see below:-
- Increase in economic sanctions [UK/EU/OFAC] being applied to those connected to Russia [click here to read more]
and
- FATF adding the UAE to its ‘grey list [click here]
As part of the Comsure service all Comsure’s clients have approved the risk register [part of the governance process] and all employees have also been reminded about the following:-
- EDD files need checking and new business must collect EDD
- Where they have a client connection [directly/indirectly] with a country in this list they must act with caution.
- And where there is a proposal to transfer property/asset to/from a listed jurisdiction, refer the matter to their compliance team [trigger event] before acting.
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.