FCA AML Audit
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The Fee Earner Firewall: Why Technology Won’t Replace the AML Professional
The landscape of AML compliance is shifting from a focus on technology to human interpretation. As automated systems advance, legal professionals must emphasize understanding why certain risks are flagged, rather than just relying on software. Investing in fee earners’ judgment and wellbeing is crucial to navigate nuanced challenges and maintain integrity in the field.
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Independent AML Audit: Is Your Firm Prepared for the 2028 FCA Takeover?
Robust anti-money laundering (AML) controls are critical for law firms. The SRA emphasizes practical compliance over mere documentation. A Reg 21 Independent AML Audit is essential for assessing risks, due diligence, and governance. As scrutiny intensifies, firms should prioritize these audits to foster a culture of compliance and avoid FCA sanctions.