Draft anti-money laundering guidance
The anti-money laundering (AML) legal supervisors have agreed draft legal sector anti-money laundering guidance taking account of the changes introduced by the Money Laundering Regulations 2017, which came into force on 26 June 2017.
It is marked 'draft' because it is subject to approval by HM Treasury, which is expected later this year, and so may be subject to change. Once it has been approved by HM Treasury, the guidance will be published in its final form.
This guidance replaces the Law Society's AML practice note.