Tag: AML Audit for Law firms
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AML Supervision: The “Paper Tiger” Era is Ending
A recent Financial Times report on the state of anti-money laundering (AML) supervision in the UK has sent a clear message to the professional services sector: while compliance is improving, enforcement still lacks the “teeth” necessary to be a true deterrent. At Lexsure, we perform Independent AML Audits for a wide range of legal firms…
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How Often Should Your Firm Conduct an Independent AML Audit?
There is no fixed statutory interval for an independent AML audit. This guide explains how law firms should determine audit frequency using their size, work, risk profile, previous findings and material changes.