Following a meeting in April of the ICB’s director of compliance, Ray Cross, and his team of MLR inspectors, they have made amendments to the MLR1 and MLR2 Client Risk Assessment forms and the MLR8 Annual Return.
The risk assessment forms have been reduced down from four pages to two and the risk assessment methodology has also been altered to take into account feedback from members.
The MLR8 Annual Return, already updated only recently, has been slightly altered to ensure that the list of people working in the practice covers all eventualities.
The new forms can be downloaded from the Money Laundering Regulations page of the ICB website here.