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.
We are seeking two sanctions practitioners to join our Money Laundering Task Force.
I am my firm’s Money Laundering Reporting Officer and have made a Suspicious Activity Report to the National Crime Agency (NCA) in respect of my client’s proposed regulated transaction. What can I do or tell my client from now on?
My client is taking a lease of a shop and has put me in funds by handing me a banker’s draft. Can I treat it as cleared funds or do I need to investigate the source of funds?
The Law Society has responded to the Financial Conduct Authority’s (FCA) consultation on recovering the costs of the Office for Professional Body Anti-Money Laundering Supervision (OPBAS).
Negotiations were unexpectedly concluded on Friday 15 December, signaling possible future changes to the EU’s AML regime.
The Solicitors Regulation Authority (SRA) will be issuing a data-collection questionnaire to all firms at the start of next year.
It is that time of year again, we are all feeling festive, thinking of relaxing at home over the Christmas period with mince pies, chocolate and turkey! But what are the criminals looking forward to?
The National Crime Agency (NCA) has issued its user guidance for SAR Online.
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.
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.