Tag: AML
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Counterpoint: Why Robust AML Controls Are Essential in Conveyancing
The recent article published by The Negotiator highlights concerns from the Property Lawyers Alliance (PLA) regarding the perceived excessiveness of anti-money laundering (AML) regulations in the conveyancing sector, arguing that these controls are “choking” the homebuying process with red tape, delays, and financial burdens. While these frustrations are understandable, it is crucial to recognise the indispensable…
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SRA AML Audit Results in £23k fine
Originally published March 2024. Updated October 2026. An SRA AML fine of £23,035.50 illustrates the consequences of failing to undertake client and matter risk assessments. The case concerned a sustained gap in the firm’s AML arrangements, despite the absence of material harm. For conveyancing firms, the practical question is whether sampled files demonstrate that risk…