Run AML/KYC document collection for a lending matter
Source basis. General guidance; ASIC REP 798 covers licensee AI governance, not lending documentation specifically.
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Checklist missing KYC documents and flag inconsistencies.
- What the lawyer must review
- Make CDD determinations personally.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes identifying points for review. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.