New AML Guidance needs a careful review
On 20th January 2021 the Legal Sector Affinity Group (LSAG) finally issued their new draft AML guidance for law firms. Since 2017 LSAG have agreed to issue one sector wide
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.
A look at the new Freelance Solicitor Model
In November 2019, the SRA introduced a new model of operating for so-called ‘freelance solicitors’. The intention of the freelance solicitor model was to allow solicitors greater flexibility when providing
What is a Politically Exposed Person (PEP) and how do I know if my client is one?
The SRA expect solicitors and firms to continue to meet the high standards the public expect (which includes upholding the rule of law). It’s therefore important to ensure that all
Who should certify client identification documents and what should they check?
Some of the certifications I’ve seen on client identification documents that fee earners have uploaded as part of their client due diligence checks, have led me to raise an eyebrow.
The Benefits of Electronic Verification
The world of electronic verification is an ever-evolving industry, with some providers supporting features like facial recognition, authentication of documents, direct access bank account information, and PEP and Sanctions screening.
Preventing a repeat of Dreamvar
Dreamvar – more than a year on …….. so, what has changed? It’s likely most conveyancers will shudder when they hear the name Dreamvar. It’s the case that changed the
Ark Group Conference Panel
I attended the Ark Group Annual AML Conference in London yesterday to speak on the panel about the challenges for MLROs who are also fee earners in their firm. The
Teal Tales: Consent for missing CDD information
We get many calls from firms who have unusual compliance queries. They are my favourite calls! Today’s tale is a common one, and the issue it raises is a common
New Government focus on AML
When I decided to start ABC and Teal I was very clear about one thing. I will not scaremonger, use fear to sell our services. In compliance there are serious
The human cost of money laundering
It is very easy to silo oneself when immersed in the world of investigating money laundering and to forget that actually it isn’t just about currency, commodities and hidden profits,