Compliance with money laundering obligations is one of the greatest challenges for solicitors in the UK today.
Our team of solicitors answers questions on a wide variety of subjects, including anti-money laundering, costs, conveyancing, client care and complaints handling.
A summary of decisions from the Solicitors Disciplinary Tribunal involving breaches of anti-money laundering requirements made in February and March 2018.
In April 2016 the government made a commitment in its Action Plan for Anti-Money Laundering and Counter-Terrorist Financing to reform the SARs regime.
Page 91 of the legal sector AML Guidance offers new information on when the 'reasonable excuse' defence to the principal money laundering offences may apply.
Page 104 of the Legal Sector AML Guidance states that ‘section 330(9A) [of POCA] protects the privilege attaching to any disclosure made to a nominated officer for the purposes of obtaining advice about whether or not a disclosure should be made.'
The Law Society is delighted to announce the appointment of two sanctions practitioners on our highly regarded Money Laundering Task Force.
The Office of Financial Sanctions Implementation (OFSI) recently updated section 3.4.1 of the Financial Sanctions Guidance.
The final version of the legal sector AML guidance was approved by HM Treasury in early March. An earlier draft version was posted on our website in September 2017. We list the changes between the draft and final guidance.
The bulk of law firms are doing what is needed to tackle money laundering. This sums up the findings of a recent review of fifty firms by the Solicitors Regulation Authority (SRA).
The anti-money laundering (AML) guidance produced by the legal sector AML supervisors, including the Law Society, has now received the approval of HM Treasury.
Our latest advice and tips for new money laundering reporting officers.
Feedback from you will help us improve out website. If you would like us to contact you please leave your contact details.
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.
Practical, half-day conference in Leeds on 12 June 2018
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.