Headlines of dirty Russian money swishing around the London property market, UK Government fast-tracking long overdue legislation, lawyers complicit in a London laundromat for dirty money, and the UK listed at Number 2 in the Hall of Fame for the amount of money laundered, only serve to heap more focus on what was already a priority area for law firms irrespective of where you are located in the UK.
Whether we like it or not, all of us in the legal profession, including its Regulators, are firmly in the spotlight of public opinion and must be seen to ensure our anti-money laundering (AML) processes are where they need to be. Our Regulators will be under even greater scrutiny to continue to review compliance amongst firms calling in a variety of documents on a regular basis and those like the SRA will continue to apply pressure through its Thematic Review regime.
So, are you prepared for a regulatory review? Have you conducted, or had an external independent AML Audit? Are your policies, controls and procedures in good order? Do you, and more importantly, your staff know your AML risks? What are some of the key issues for 2022?
Legal Eye has put together this comprehensive guide for you to download and use.
What’s inside:
- SRA Thematic Report on MLCO and MLRO roles
- Independent AML Audits
- Risk assessment key points
- Technology
- Sanctions Regime 2022
- Conclusion
- Your key questions answered
Download this thorough 27-page AML Update booklet here, including key facts and what you need to know .
By Norman Denton – Senior Compliance Officer, Legal Eye
This article was submitted to be published by Legal Eye as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.
