Latest / The Comply and Outperform Podcast
AML in the UK Legal Sector
Join us for a practical look at the changing AML landscape for UK law firms, the weaknesses regulators are finding and what firms can do now to strengthen their controls.
AML supervision of the legal sector is becoming increasingly proactive and evidence-led. Recent SRA reviews have highlighted persistent weaknesses in areas including client and matter risk assessments, source of funds checks, policies and procedures, sanctions controls and the ability to demonstrate that AML processes are working effectively in practice.
At the same time, the planned transition to FCA supervision represents…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.