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.
In many ways, client identification and verification is secondary in anti-money laundering (AML) compliance to understanding the source of funds and the purpose of a retainer.
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.
In this podcast, Michelle Bramley talks about bribery and corruption and what is being done domestically and internationally to tackle it.
What has the Law Society done to assist solicitors to comply with their obligations under the Money Laundering Regulations?
The ICPR has been funded to undertake research examining how professionals may unwittingly participate in money laundering and organised fraud.
Advice on responding to law enforcement agencies seeking access to client files to investigate financial crime.
HM Treasury have launched their annual frozen assets review to ensure a comprehensive overview of all frozen funds and assets.
Our team of solicitors answers questions on anti-money laundering, costs, conveyancing and client care
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.
A selection of popular questions and answers related to anti-money laundering (AML). The questions have been compiled by the Practice Advice Service - a free and confidential helpline for solicitors.
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.
Hear from industry experts on the latest developments in anti-money laundering compliance
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.