Pearl Moses and Peter Rodd discuss the implications of the Money Laundering Regulations 2017 for conveyancing and property practitioners, including the main areas of concern and what practical steps can be taken to stay on top of the new obligations.
The Money Laundering Regulations 2017 and the recent Criminal Finances Act impose new obligations on Private Client practitioners and firms. There are statutory requirements and defences which need to be understood, to avoid financial penalties and possible criminal conviction.
With changes to the AML and data protection regimes, and a revised SRA Handbook on the way, the pressure on compliance professionals to stay up to date can be overwhelming. This podcast gives you a quick heads up on the practical steps you should be thinking about now.