Compliance with money laundering obligations is one of the greatest challenges for solicitors in the UK today.
On 26 October, the UK published its second National Risk Assessment of anti-money laundering risk exposure across various services sectors.
The new Money Laundering Regulations 2017 have brought about several significant changes to how legal practitioners should comply with their anti-money laundering (AML) obligations.
The EU Financial Sanctions Regulations 2017 impose new obligations on independent legal professionals.
Our summary of recent decisions from the Solicitors Disciplinary Tribunal involving breaches of anti-money laundering requirements.
Today, company directors need to understand that the law requires them to ensure that their company is required to police itself for good corporate governance. The days have long gone when directors could say that their singular role in life was to maximise company profits, without considering the wider implications of its actions.
The Law Society has responded to the Financial Conduct Authority’s consultation on the plans for a new Office for Professional Body Anti-Money Laundering Supervision (OPBAS).
I act for executors under a will in the sale of estate property. What customer due diligence measures do I have to undertake on the executors?
Draft guidance taking account of the changes introduced by the Money Laundering Regulations 2017.
Solicitors should report frozen assets belonging to a designated person to HM Treasury.
Our response highlights our concerns that OPBAS is likely to impose unnecessary costs on professional body AML supervisors.
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 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.