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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Independent AML Audits : The High Street Firm’s Secret Weapon
The FCA’s shift toward “Impactful Deterrence” is already making waves, there is a specific regulatory transition looming that should have every High Street partner checking their risk register: the transfer of AML supervision. Currently, for most High Street firms, the Solicitors Regulation Authority holds the reins. But the landscape is shifting. The Financial Conduct Authority…
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Reg 21 Independent AML Audit : The Real Work Begins After
Receiving a Reg 21 independent AML audit report is only the beginning. These five practical steps will help your firm review the findings, manage remediation, deliver targeted training and demonstrate that improvements are working.