AML Policies for Law Firms: Review, Update and Implement
Does your firm’s AML policy explain what staff must do, who makes the decisions and where the evidence is recorded? Useful policies connect the firm’s identified risks with practical instructions for client due diligence, risk assessment, source-of-funds scrutiny and escalation.
These articles help law firms review their AML documentation and examine whether the procedures are followed on client files. For ongoing drafting support, explore Lexsure’s AML Policy Update Service, which provides quarterly suggested amendments for SRA-regulated firms in England and Wales.
Your policy is written. Is it working?
Lexsure’s independent AML audits examine documentation alongside risk assessments, client files and staff understanding to identify gaps in wording and implementation.
Discuss an independent AML audit →
Discuss a review appropriate to your firm’s size, work and risk exposure. Responsibility for compliance remains with your firm.
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Lexcel Accredited but Removed from Lender Panels: The AML Blind Spot Behind the Badge
A firm maintained Lexcel accreditation for more than ten years but was removed from key lender panels after an SRA AML audit. What does that reveal about accreditation, independent AML audits and the risk of false assurance?
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Independent AML Audit Should Be Your First Move – Here is Why
AML compliance has moved firmly to the front of the agenda for UK law firms. With the Solicitors Regulation Authority taking a more assertive stance and the courts broadening the scope of what constitutes money laundering an independent AML audit is the most important step they can take right now. The Regulatory Mood Has Changed…