Anti-money laundering

Anti-money laundering guidance for the legal sector

The Legal Sector Affinity Group (LSAG) has reviewed and redrafted the anti-money laundering (AML) guidance for the legal sector following the implementation of the EU’s 5th Money Laundering Directive.

The guidance is designed to help legal professionals and firms comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended).

The guidance has two parts:

2b and 2c are to be read alongside part one of the guidance. 2a is designed to be read independently of part one.

LSAG is made up of the legal sector’s regulatory and representative bodies, including the Law Society of England and Wales.

The Money Laundering Regulations 2017 have been amended by the:

The guidance replaces our practice note on anti-money laundering and previous versions of the guidance.

It's been published in draft form, pending approval from HM Treasury.

Any content may be amended before the final version is published with the Treasury’s full approval. The authors accept no liability for the content of the guidance.

Browse the interactive guidance below or download a PDF version.

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