Category: Independent AML Audit
Independent AML audit guidance for solicitors and law firms. Explore practical articles on reviewing AML policies, firm-wide risk assessments, client and matter risk assessments, file evidence and the effectiveness of day-to-day controls.
Written for managing partners, MLROs and compliance teams, these articles examine common weaknesses, lessons from regulatory findings and how to turn audit recommendations into improvements across the firm.
How well do your firm’s AML procedures work in practice? Explore Lexsure’s Independent AML Audit service:
https://home.lexsure.com/independent-aml-audits
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FCA AML Supervision of Law Firms: The 2028 Transfer Is Taking Shape
The FCA expects to begin assuming AML supervision of approximately 60,000 legal and accountancy entities toward the end of 2028. This article examines its proposed risk based approach and the practical steps law firms should take now.
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Independent AML Audit Should Be Your First Move – Here is Why
AML compliance has moved firmly to the front of the agenda for UK law firms. With the Solicitors Regulation Authority taking a more assertive stance and the courts broadening the scope of what constitutes money laundering an independent AML audit is the most important step they can take right now. The Regulatory Mood Has Changed…