Anti Money Laundering
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AML Audit Case Study: Missing Risk Assessment, Policies and Training
Originally published May 2024. Updated October 2026. This AML audit case study concerns a practice whose regulatory review identified gaps in its firm-wide risk assessment, policies and training. The original account records a two-week deadline for corrective action. The case illustrates the pressure created when basic AML arrangements need to be addressed after a regulator…
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Small Law Firms and SRA Risk: Demonstrating Effective Controls
Originally published 15 March 2013. Updated October 2026 to distinguish the historical report from current regulatory guidance. Small law firms and SRA risk were the subject of this article in March 2013. The underlying concern remains relevant: how can a practice demonstrate that its controls protect clients and operate effectively? Firm size alone does not…