AML Firmwide Risk Assessment
-
SDT AML Case: Lessons for Conveyancing Firms
Originally published June 2024. Updated October 2026 to include the tribunal outcome. An SDT AML case involving an Oxfordshire solicitor highlights why conveyancing firms need evidence of compliance at both firm and transaction level. A regulatory declaration should be supported by the documents and controls actually in place when it is made. This article originally…
-
HM Treasury AML Supervision Report: Lessons for Law Firms
Originally published May 2024. Updated October 2026. HM Treasury’s AML supervision report for 2022–23 highlights weaknesses in risk assessments, policies, customer due diligence and staff understanding. For law firms, the practical question is whether their written arrangements match the work undertaken on individual matters. The report was published on 1 May 2024 and covers the…