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.
This practice note explains how client confidentiality is affected by the failure to disclose offence provisions in the Terrorism Act 2000.
This practice note explains the provisions of the act and provides information on the procedures that firms can put in place to prevent bribery being carried out on their behalf and to avail themselves of the statutory defence.
Pearl Moses, Law Society head of Risk and Compliance, shares how to make sure you're prepared with your risk assessment.
My client is a buyer in a residential conveyancing matter. They brought their £20,000 cash deposit to the office. The money seems to be from their bank account but they won't pay the £30 fee for a banker's draft. How much cash can I accept from my client?
Whether you are making your first suspicious activity report (SAR) or your 100th, providing the correct information will ensure that it is processed quickly and can be used most effectively.
Sarah Mumford caught up with Colette Best, director of anti-money laundering at the SRA, following the thematic review of trust and company service providers.
The National Crime Agency has launched a magazine that aims to keep anti-money laundering practitioners informed about the SARs regime.
Our new firm is preparing its anti-money laundering policies and procedures. We have in place a practice-wide risk assessment. Do we have to carry out a risk assessment on every new regulated matter?
Our team of solicitors answers questions on anti-money laundering, customer due diligence, client care, and conveyancing.
We have summarised the main findings of the Law Commission's report on the improvement of the anti-money laundering consent regime.
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 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.