Compliance with money laundering obligations is one of the greatest challenges for solicitors in the UK today.
This article explores what conducting customer due diligence (CDD) entails, and lists a few 'red flags' that might indicate suspicious activity by a client.
This article explores the practical requirements to implement policies, controls and procedures, to provide training to 'relevant employees' and to comply with record keeping legislation.
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the Money Laundering Regulations), which came into effect on 26 June 2017, have posed a challenge for firms of all sizes.
In October 2017 HM Treasury published the second National Risk Assessment (NRA) of money laundering and terrorist financing as significant threats to the UK’s economic security. What in practical terms does it mean for law firms?
We are seeking two sanctions practitioners to join our Money Laundering Task Force.
The Law Society has responded to the Financial Conduct Authority’s (FCA) consultation on recovering the costs of the Office for Professional Body Anti-Money Laundering Supervision (OPBAS).
Negotiations were unexpectedly concluded on Friday 15 December, signaling possible future changes to the EU’s AML regime.
The Solicitors Regulation Authority (SRA) will be issuing a data-collection questionnaire to all firms at the start of next year.
It is that time of year again, we are all feeling festive, thinking of relaxing at home over the Christmas period with mince pies, chocolate and turkey! But what are the criminals looking forward to?
The National Crime Agency (NCA) has issued its user guidance for SAR Online.
Our latest advice and tips for new money laundering reporting officers.
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Our free and confidential helpline offers advice on a range of AML topics including customer due diligence, sources of funds, high-risk jurisdiction lists, and much more.
Call us on 020 7320 9544 Email: AML@lawsociety.org.ukFind out more about our helplines
Subscribe to AML Update and receive bi-monthly AML developments, as well as details of anti-money laundering training and events.
The Risk and Compliance conference will examine the current compliance issues that are affecting firms and legal departments.
The toolkit contains a full range of draft policies, procedures and template forms which legal practices can adapt to their individual circumstances.
Solicitors needing legal advice on anti-money laundering (AML) compliance can access an online directory of solicitors who practise in this area and are willing to be contacted by other solicitors seeking legal advice.