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.
Article 9.2 of the Fourth EU Money Laundering Directive empowers the European Commission to identify 'high risk third countries'
I've been instructed to act in the sale of a property where the client comes up as a possible sanctions match. How should I proceed?
The LSAG's advisory note highlights key AML challenges for the legal profession associated with the coronavirus (COVID-19) crisis.
Amy Bell, compliance consultant, solicitor, and director of Teal Compliance, discusses three red flags to watch out for with money laundering.
The chancellor has announced the government's intention to introduce a new levy on anti-money laundering-regulated businesses (including law firms).
Shrinking budgets for the justice system have put it in crisis and the British people increasingly are left high and dry when it comes to accessing vital legal advice.
We've responded to an HM Treasury and HM Revenue and Customs technical consultation on changes to the registration of beneficial ownership information of trusts.
Nick Milner discusses the role of the Practice Advice Service at the Law Society.
Our guidance on the corporate offence of failure to prevent the criminal facilitation of tax evasion has been revised with HMRC and approved by the chancellor.
This practice note aims to provide practical assistance on how to manage responding to a financial crime investigation and provides a short overview of the main powers available to law enforcement.
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.