Client Due Diligence Services for CLC Practices

At Regulation & Compliance Office (RACO), we provide CLC regulated practices with practical support for the completion of Client Due Diligence and Client and Matter Risk Assessments.

Our service is designed to support practices by managing the administrative and compliance burden associated with onboarding clients and completing AML due diligence requirements.

We work alongside your existing AML processes to provide a structured and efficient approach to compliance.

Why Client Due Diligence Matters

Client Due Diligence and risk assessment processes form a core part of a practice’s obligations under the Money Laundering Regulations.

Practices must ensure that clients are appropriately identified, risk assessed and monitored, including applying Enhanced Due Diligence and Source of Funds or Source of Wealth checks where required.

An effective due diligence process helps practices:

• Strengthen AML compliance controls
• Identify higher-risk matters and clients
• Support fee earners with structured risk assessment
• Maintain clear audit trails and documentation
• Reduce the operational burden on internal teams