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.
Pearl Moses discusses the implications for practitioners with Hugo Daniel Lodge.
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Pearl Moses is Head of Risk and Compliance at the Law Society.
Hugo Daniel Lodge is a barrister of 19 years’ Call at 7 Bedford Row. He is author of the Law Society’s Guide to the Criminal Finances Act 2017.