Sanctions Screening-Enhanced Due Diligence

If a potential sanctions match is identified, licensees must immediately and apply enhanced due diligence by taking the following steps:

• Suspend the application immediately! Do not proceed any further on the file until guidance is provided
• Ensure all borrower's identities are accurate
• Escalate the potential sanctions match to the AML Officer for review asap. compliance@abwmortgage.ca.
• Provide the AML Officer with all relevant client details and screening results for review.
• Retain all supporting documentation and detailed file notes in the Velocity file