If you have not already reviewed your anti-money laundering (AML) strategy, now is the time to do so. Firms who fail to take action can face prosecution or disciplinary action.
As law firms continue to be targeted by money launderers, the following have been put in place to help fight against financial crime, money laundering and terrorist financing.
Nine months after the MLR 2017 came into force, the SRA published its findings following a thematic review of 50 law firms. Whilst most firms were actively taking steps to understand and reduce AML risk, the SRA highlighted four key areas of concern.
We work with law firms of all sizes to provide the assurance they need to navigate AML requirements. Our multi-disciplinary team has the experience and insight to support you in your interactions with clients and regulators.
We will work with you to:
Our typical programme includes a review of the policies and procedures below: