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.
-
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.
-
Independent AML Audit: How to Prepare
An independent AML audit shouldn’t be a frantic scramble to “clean up” files. True readiness means moving beyond basic documentation to ensure your internal capacity is prepared. By clearing calendars for interviews and pre-booking senior management reviews, you transform the audit from a stressful “check-box” exercise into a strategic health check. Don’t just show them…