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.
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https://home.lexsure.com/independent-aml-audits
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The SRA’s AML Questionnaire Is About to Get Much Harder to Bluff
The SRA’s AML data collection process is evolving, leveraging AI to identify discrepancies in submitted data by 2026. Firms must prepare for more in-depth questions and independent audit requirements. With the FCA taking over as the AML supervisor, continuous data capture and genuine risk management are now essential for firms to avoid penalties.
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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.