Tag: client matter risk assessment checklist
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The “Set It and Forget It” Client Matter Risk Assessment Trap
In the UK AML landscape, onboarding attracts the attention and transaction monitoring secures the investment. The auditors at Lexsure have noted during Independent AML audits that CMRAs are often completed at the outset but left alone thereafter. If you want to find the true unsung hero of a robust compliance framework firms need to focus…
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Navigating AML Compliance in 2025
As 2025 approaches, SRA-regulated solicitors face intensified AML compliance challenges, including increased audits, stricter penalties, and the need for enhanced due diligence. Firms must adopt proactive measures such as robust risk assessments, effective controls, and ongoing training. Leveraging technology and staying informed on regulations is crucial for maintaining compliance and protecting reputations.