Anti Money Laundering
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Independent AML Audits for Conveyancing Firms: What Should File Testing Reveal?
An independent AML audit for conveyancing firms must assess the effectiveness of anti-money laundering controls through actual client file reviews. This process ensures that written policies translate into proper actions, highlighting risks and compliance. Regular audits help identify weaknesses, reinforce proper procedures, and ensure client funding sources are legitimate and scrutinized.
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FCA AML Supervision: Law Firms Should Prepare in 2027
The FCA has already started communicating with law firms about the transfer of anti-money laundering supervision. With further engagement planned, firms should make preparation part of their 2027 business plans. The FCA’s Annual Public Meeting on 6 October 2026 provided an opportunity to ask a practical question: when would the regulator start communicating directly with…