Client money and asset protection (CASS) records can range from the transactional to the evidencing of thought processes. There are multiple levels and types of records to be maintained, with different audiences to inform. Firms need to be mindful of the requirements of each audience, which may vary according to the expertise of that audience. In this paper, we have set out four key areas where CASS recordkeeping evidence is required and explore some of the factors which apply to each.
Cashfac is a global fintech, specialising in real time operational cash management. Their platform is the world’s most widely deployed virtual accounts solution, delivered via bank partners and direct-to-customer. Used by fund managers, SIPP and pension administrators, trading platforms, trust and escrow services, and property managers, Cashfac helps firms improve the productivity, visibility, automation and regulatory compliance of cash management operations.