AML policies, controls and procedures: ask the…
The SRA has warned of the risks posed by “off-the-shelf” policies, controls and procedures (PCPs). Emma Williams sets out what questions to ask to get your PCPs right first time.
24 November 2023
A lawyer’s guide to detecting and preventing money laundering is for legal professionals around the world. It highlights ethical and professional concerns about money laundering and will help you comply with international legal obligations.
The guide includes:
- a summary of certain international and national sources of AML obligations
- a discussion on the legal profession’s vulnerabilities to misuse by money launderers
- information and guidance on the risk-based approach to detecting red flags and how to respond to them
- case studies showing how red flags can arise when giving legal advice
A lawyer’s guide to detecting and preventing money laundering was jointly produced by the:
Our Money Laundering Task Force played a major part in the drafting and editing of this guide.
We recommend it as a useful resource for all legal professionals, including money laundering reporting officers, senior partners and junior staff members.
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