Anti Money Laundering
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SDT AML Case: Lessons for Conveyancing Firms
Originally published June 2024. Updated October 2026 to include the tribunal outcome. An SDT AML case involving an Oxfordshire solicitor highlights why conveyancing firms need evidence of compliance at both firm and transaction level. A regulatory declaration should be supported by the documents and controls actually in place when it is made. This article originally…
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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…