Compliance with money laundering obligations is one of the greatest challenges for solicitors in the UK today.
The Law Commission has today launched a major consultation paper on anti-money laundering legislation.
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.
The National Crime Agency (NCA) has published the first edition of Frequently Asked Questions on the Defence Against Money Laundering (DAML) Suspicious Activity Reporting (SARs) regime.
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 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).
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.
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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.