Relationship Approval

A form marking the approval of a relationship by a senior team member. It appears as part of the relationship review checklist.

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Anatomy

Once the team is happy with the state of a relationship review, it can be advanced to the relationship approval stage. A member with the appropriate grant can then approve the relationship by completing the relationship approval form.

The relationship approval form consists of the following fields:

• Compliance Assessment: A detailed summary of the ML/FT risks posed by the relationship as well as any mitigating circumstances, the use of enhanced due diligence and/or concessions. Including all factors that have formed part of your decision making.

• Final Risk Classification: The manual selection of risk classification as the outcome of the review. This will be used to categorise the relationship in terms of risk classification.