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'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.
Rob Cummings, Head of Regulatory Affairs and Economic Crime, outlines the recent amendments to the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.
After making a suspicious activity report, you'll need to consider if and how you should change the way you interact with your client.
This guide will help you with your requirements to carry out written risk assessment to identify and assess the risk of money laundering your firm faces.
This guide introduces the different levels of CDD and when these need to be carried out.
This guide will help you in recognising some of the most common warning signs of money laundering.
In October 2017, HM Treasury published the second National Risk Assessment of money laundering and terrorist financing.
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.