Finding the right legal tech solutions
Going back 10 years, finding the right legal tech was fairly easy, as case management systems were probably the only legal tech solutions law firms had to buy. Now, there
Anti-Money Laundering
Here you will find the results of your search. If you don’t find what you’re looking for, try a different term or get in touch with our friendly team.
How to spot the signs of human trafficking
Human trafficking, second only to drug trafficking, stands as one of the fastest-growing illegal enterprises worldwide. If we look beyond the immense human costs, it becomes evident that where human
What are matter based risk assessments?
Matter-based risk assessments were introduced in the 2017 Money Laundering Regulations (MLR). Fundamentally, the idea is you’re supposed to look at the client and matter, and decide how risky it
What’s the regulator guidance on source of funds and source of wealth?
Source of funds and source of wealth can be tricky because the regime we have is risk based. It’s not just about making sure you get bank statements. It’s also
The Case of Nirosha Jayawardena and its Nine Key Lessons
In an ever-changing landscape, keeping abreast of new developments is essential in the legal profession. This week, I delved into the intriguing case of Nirosha Jayawardena, a solicitor who recently
Delegating CDD Responsibilities between Lawyers and Central Teams
As regulatory frameworks have evolved over the years, law firms have increasingly had to grapple with the challenge of managing Client Due Diligence (CDD) requirements. The introduction of the Money
New SRA fining powers for AML – Be careful as they’re going to use them!
The Solicitors Regulation Authority (SRA) has long desired more robust punitive capabilities against traditional law firms. They have historically possessed the ability to impose significant fines on Alternative Business Structure
Managing risk and learning from mistakes
As legal professionals, it is crucial to manage the risks we face daily and learn from our mistakes. The common goal of most professionals is to prevent messes in the
What does an AML audit involve?
We love an AML audit and really enjoy reviewing law firms’ policies and procedures to see the different approaches they take in respect of AML. Most of all, we find
Anti-Money Laundering – What to expect from an Independent Audit
Regulation 21 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (otherwise known as the Money Laundering Regulations) requires that regulated firms