Compliance with money laundering obligations is one of the greatest challenges for solicitors in the UK today.
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.
A selection of questions and answers on some popular AML areas compiled by the Practice Advice Service.
Our summary of recent decisions from the Solicitors Disciplinary Tribunal involving breaches of anti-money laundering requirements.
The Financial Action Task Force (FATF) will shortly conduct a peer review of the effectiveness of the UK’s anti-money laundering policies.
Under the Money Laundering Regulations 2007, pooled client accounts (PCAs) were automatically subject to simplified due diligence (SDD) by banks.
This article explores what conducting customer due diligence (CDD) entails, and lists a few 'red flags' that might indicate suspicious activity by a client.
This article explores the practical requirements to implement policies, controls and procedures, to provide training to 'relevant employees' and to comply with record keeping legislation.
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the Money Laundering Regulations), which came into effect on 26 June 2017, have posed a challenge for firms of all sizes.
In October 2017 HM Treasury published the second National Risk Assessment (NRA) of money laundering and terrorist financing as significant threats to the UK’s economic security. What in practical terms does it mean for law firms?
We are seeking two sanctions practitioners to join our Money Laundering Task Force.
Our latest advice and tips for new money laundering reporting officers.
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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.