With the Solicitors Regulation Authority (SRA) routinely highlighting money laundering as one of the single biggest operational threats to UK law firms, establishing robust electronic identity verification and risk management controls is a regulatory imperative.
As money laundering techniques become increasingly sophisticated, conveyancing practices need comprehensive tools to spot red flags before funds are drawn down or transferred.
Powerful Anti-Money Laundering & Identity Verification
To help law firms address evolving Money Laundering Regulations (MLR) and SRA priorities, COMPLETIONmonitor’s AML Search module provides a seamless, integrated compliance layer powered by Equifax data:
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Deep Data Coverage: Access comprehensive individual databases to verify identity, proof of residency, and underlying financial risk indicators.
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Instant Risk Outcomes: Receive clear “Pass or Refer” profiles alongside automated risk alerts for extra scrutiny.
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Streamlined Single-Search Functionality: Conduct proof of identity, residency, and alert checks within one unified platform.
Core Key Benefits for MLROs and Compliance Officers (COLPs)
Using COMPLETIONmonitor’s AML module enables compliance leads to enforce firm-wide policy consistency while maintaining an audit trail for regulatory reviews:
| Compliance Feature | Operational Impact on Your Firm |
| Equifax Database Access | Executes thorough electronic checks on client identities and residency. |
| Automated File Flagging | Identifies non-compliant files immediately, allowing fee earners to take swift remedial action. |
| MLRO Policy Controls | Allows MLROs to pre-set mandatory search thresholds and pass/refer criteria across the firm. |
| SRA Audit Evidence | Demonstrates clear, documented systems and controls for regulatory compliance monitoring. |
| Automated Case Freezing | Integrated Safety Net: High-risk files can be automatically locked, preventing sign-off or completion until full MLRO clearance is granted. |
Proactive Systems Protect Law Firms
Relying on manual or fragmented AML procedures creates significant compliance gaps during busy conveyancing periods. By integrating COMPLETIONmonitor’s AML Search directly into your workflow, your firm gains automated risk controls that protect panel status, ensure SRA compliance, and safeguard client account transactions.
Learn how integrating COMPLETIONmonitor into your practice helps safeguard your firm against money laundering threats and simplifies SRA compliance.
Update: SRA AML Audits are now firmly established
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