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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Mind the Gap: SRA Targets the “Disconnect” in AML Policies for 2026 Thematic Review
The SRA’s 2026 AML thematic review will scrutinize the effectiveness of firms’ AML Policies, Controls, and Procedures (PCPs). It aims to address the ongoing disconnect between established policies and actual practices. The review emphasizes the importance of independent audits and proactive compliance measures to strengthen AML frameworks and mitigate risks effectively.
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SRA AML Audits: What Law Firms Need to Evidence
The Solicitors Regulation Authority (SRA) is intensifying its Anti-Money Laundering (AML) enforcement, conducting a record number of audits ahead of the FCA’s expanded oversight. Firms must prioritize compliance, as deficiencies found can lead to serious consequences. A compliance checklist highlights essential steps to prepare for increased scrutiny and potential fines.