Overview
This webinar demonstrates how AML and customer due diligence information is recorded and managed in OneLaw for Parties/Party and Matters/Matter. It explains what can trigger due diligence requirements, which fields are compulsory, and where to record supporting information such as identity details, red flags, affiliated parties, and due diligence outcomes.
Note: This video shows the available AML and CDD fields in OneLaw and how firms may use them. Some fields, options, and workflows shown in the webinar are configurable and may differ depending on your firm’s compliance settings, policies, and permissions.
In this video, you’ll learn
- how AML and CDD requirements can be triggered at Party and Matter level
- which compulsory fields must be completed for standard and enhanced due diligence
- how to record onboarding method, nature and purpose, source of funds, and due diligence outcomes
- where to review or enter identity document details, red flags, and affiliated party relationships
- which AML options are firm-configurable and which permissions affect what users can see or do
Key Takeaways
- OneLaw can trigger AML and CDD requirements at different points in the client and matter lifecycle, depending on your firm’s settings.
- The AML/CFT CDD area is the main place to record due diligence information, while related AML details can also be captured in other areas of the Party record.
- The information users need to complete can vary depending on the due diligence level, the Party type, and the firm’s configuration.
- OneLaw also supports ongoing AML record management through identity details, red flags, affiliated party relationships, and due diligence review history.