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 holding a number of free anti-money laundering training sessions across the country in April, May and June.
We have partnered with the government to remind practitioners of the positive impact that quality AML checks can have on tackling dirty money.
I am the MLRO and money laundering compliance officer in a new firm, which will be providing regulated services. My partners and I are in the process of conducting the practice-wide risk assessment. Is there any guidance on what to consider?
We consider the reasons why the 2018 National Crime Agency report on SARs shows a 12% decrease in submissions from the legal sector.
We explain the Financial Action Task Force's Mutual Evaluation report on the UK's anti-money laundering and counter-terrorist financing measures.
Download our leaflets to help you quickly inform your colleagues and clients of your AML obligations.
The Law Society has responded to the Law Commission's consultation asking how the UK's Suspicious Activity Reporting (SARs) regime could be improved.
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.
In this podcast, Michelle Bramley talks about bribery and corruption and what is being done domestically and internationally to tackle it.
The ICPR has been funded to undertake research examining how professionals may unwittingly participate in money laundering and organised fraud.
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.