The Law Society is committed to making the UK a hostile environment for illicit finances by helping solicitors in England and Wales act as gatekeepers to the UK financial system.
Solicitors play a key role in detecting and preventing money laundering, and the Law Society as the named supervisory authority under the Money Laundering Regulations 2017 shares the government’s objectives in ensuring the UK has a robust and effective AML regime.
To achieve this, we provide AML guidance to our members and work alongside government, law enforcement and other supervisory authorities to improve the UK’s legislative and policy framework on AML.
While the Law Society is the named supervisory authority, we have delegated all regulatory functions to the Solicitors Regulation Authority, which acts independently and is responsible for monitoring and enforcing solicitors’ compliance with their AML obligations.
A Suspicious Activity Report (SAR) is the name of a disclosure made to the National Crime Agency (NCA) under either Part VII of the Proceeds of Crime Act 2002 (POCA) or Part III of the Terrorism Act 2000.
The Law Society, CLLS and Fraud Lawyers Association have responded to the House of Lords Committee call for evidence on the Bribery Act.
Download our new ‘top tips’ to ensure compliance with the most recent Anti-money laundering regulation.
The Law Commission has today launched a major consultation paper on anti-money laundering legislation.
Article 9.2 of the Fourth EU Money Laundering Directive empowers the European Commission to identify 'high risk third countries'
Our summary of recent decisions from the Solicitors Disciplinary Tribunal involving breaches of anti-money laundering requirements.
Our team of solicitors answer questions on a wide variety of subjects, including anti-money laundering, costs, conveyancing, client care and complaints handling.
We act for a company in a commercial property transaction. Our client is a subsidiary of a company that is listed on the London Stock Exchange. What due diligence measures do we need to undertake on our client in the circumstances?
Last month, the Law Society submitted evidence to the Treasury Select Committee’s inquiry into the effectiveness of the UK's AML, Counter-Terrorism Financing and sanctions regime.
Two years ago, I acted for a client in the purchase of a property. I have now been contacted by the police, who have asked for the conveyancing file. How I should deal with this request?
Our latest advice and tips for new money laundering reporting officers.
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Our practical online course helps fee earners to recognise the warning signs and improve their risk management.
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 latest in AML and financial crime from experts in the field
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.