Anti-money laundering features
Are you serious?
Following the recent ruling in the Dentons case, Nigel West asks if the SRA will start to prosecute firms as well as individuals
The regulatory pitfalls in post-completion
Priscilla Sinder outlines how post-completion processes in property transactions can help compliance officers meet their regulatory obligations and avoid costly mistakes
Procedural matters
Many firms are still struggling to have the correct anti-money laundering policies, controls and procedures in place. Alison Matthews summarises the key requirements
Proceed with caution
Nigel West considers the implications of the Uyghur case for the UK’s framework for investigating money laundering and recovering the proceeds of crime
An element of suspicion?
Understanding the anti-money laundering definition of ‘suspicion’ is not as straightforward as it may appear. Amy Bell looks at the detail
What the change in PEP regulations means for you
Richard Simms, founding director of anti-money laundering online platform AMLCC, explores the recent change in the regulation of domestic politically exposed persons
Eight AML questions the SRA may ask
Richard Simms from AMLCC sets out the eight questions you should ask to establish if your firm is anti-money-laundering compliant before you get a visit from the Solicitors Regulation Authority
HM Treasury AML supervision report
HM Treasury has published its 2022/23 report on anti-money laundering and counter-terrorist financing (AML/CFT) supervision. Rick Kent, anti-money laundering policy manager at the Law Society, looks at the key changes
Sourcing it
The Solicitors Regulation Authority is looking more closely at anti-money laundering compliance in law firms. Harriet Holmes considers what you can do to prepare for a possible inspection
Risky business
The number of anti-money laundering audits conducted by the Solicitors Regulation Authority are increasing, with larger fines imposed for breaches. Alison Matthews outlines how having a robust firm-wide risk assessment can mitigate your risk
Time’s up
Julie Norris and Alfie Cranmer of Kingsley Napley LLP provide a timeline of recent developments in anti-money laundering and sanction procedures
Sanctions – new prohibitions
Julie Norris and Alfie Cranmer provide an update on changes to sanctions affecting those providing legal advisory services in the UK
Developments in AML
With the recent SRA announcement that law firms should expect an increase in AML burdens from the UK government, Julie Norris and Charlotte Judd consider some key updates
Audit trail–preparing for an AML visit
Carly Fallon provides some top tips on how to prepare for an anti-money laundering audit by the SRA
FAQs: Client due diligence
Our Practice Advice Service answers some commonly asked questions by Money Laundering Reporting Officers (MLROs)
FAQs: Reporting AML breaches
Our Practice Advice Service answers some commonly asked questions by Money Laundering Reporting Officers (MLROs)
AML – taking a risk-based approach
Katarina Pranjic considers how a risk-based approach to anti-money laundering works for fee-earners.
LSAG AML guidance - what you need to know
Rick Kent, anti-money laundering policy manager, looks at the key changes introduced by the revised anti-money laundering guidance for the legal sector.
The economic crime levy - what to expect
The government announced in March their intention to introduce an economic crime levy on AML regulated businesses (including law firms) to contribute to the fight against economic crime. Rick Kent, our AML & Economic Crime Policy manager, takes a look at the plans.
The 5th AML Directive - are you compliant?
The 5th Anti-money Laundering Directive came into force in January, but it seems as though many organisations - law firms included - are lagging behind in their compliance. Dalbir Sahota of Accuity explains what changes and requirements the directive introduces, and what you need to do now to keep in ...
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