Compliance with money laundering obligations is one of the greatest challenges for solicitors in the UK today.
The Home Office is seeking feedback from solicitors on anti-money laundering regulations and information.
The Law Society has responded to the HM Treasury consultation on the transposition of the Fourth Money Laundering Directive
We are a niche litigation firm. We are unclear as to our obligations under the Money Laundering Regulations 2007. Are we obliged to conduct customer due diligence on our clients? Also, are we obliged to appoint a Money Laundering Reporting Officer (MLRO)?
A buyer in a domestic conveyancing matter comes to office with £20,000 cash to pay deposit. Client says money is from own bank account but not wanting to pay bank fee for banker’s draft brought cash. Is there a limit on cash firms can accept from clients?
Government decision to retain anti-money laundering (AML) consent regime.
We have raised concerns about ABI's allegation of solicitor involvement in the rise of fraudulent insurance claims.
Money launderers that made the news in August.
Commentary on the implications of Brexit on AML policy, the response to the government's CFT action plan consultation and the latest from Brussels.
A summary of a recent decision from the Solicitors Disciplinary Tribunal, which involved breaches of anti-money laundering requirements.
I act for a client who is remortgaging in order to consolidate two existing charges on her property. While carrying out customer due diligence (CDD), I have noticed that there is a discrepancy in the way her first name is spelled in the office copy entries compared to her passport and bank statement. Should I be concerned about this?
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.
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Subscribe to AML Update and receive bi-monthly AML developments, as well as details of anti-money laundering training and events.
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.