Compliance with money laundering obligations is one of the greatest challenges for solicitors in the UK today.
Draft guidance taking account of the changes introduced by the Money Laundering Regulations 2017.
A brief overview of the key issues to be aware of and the changes to implement to comply with the regulations.
The International Bar Association, the Council of Bars and Law Societies of Europe and the American Bar Association have jointly issued a new guidance report on anti-money laundering.
From 1 October 2014, the NCA will reject consent requests that do not include reasons for suspicion or a statement regarding criminal property.
AML Policy Officer Scott Devine provides an update on policy issues of note including the EU Fourth Money Laundering Directive and the outcomes of the recent Financial Action Task Force (FATF) Private Sector Consultative Forum held in Brussels.
Amy Bell, Head of Risk and Compliance at QualitySolicitors, provides advice on what to do when you are dealing with an unrepresented party in a transaction.
Jo Riddick, Macfarlanes LLP’s compliance officer for legal practice and money laundering reporting officer, considers the potential impact of a register for beneficial owners of trusts.
Alison Matthews, former Chair of the Money Laundering Task Force and formerly money laundering reporting officer (MLRO) at Irwin Mitchell LLP considers the challenges of making your first SAR.
Anti-money laundering policy officer Scott Devine provides a brief insight into the Fourth Directive as the legislative process enters its final stages.
It is possible that solicitors could be unwittingly involved in assisting immigration fraud and associated money laundering.
Our latest advice and tips for new money laundering reporting officers.
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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 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.