About Conveyancing

Independent AML Audits for Solicitors

Independent AML audits help solicitors’ firms assess whether their policies, risk assessments and controls work in practice. Explore the articles below for guidance on audit scope, file testing, independence and responding to findings. For specialist support, visit Lexsure’s dedicated Independent AML Audit website to discuss a review appropriate to your firm’s size, services and risk exposure.

Would your firm’s AML controls withstand independent scrutiny?

Your policies describe what should happen. Your client files, risk assessments and staff understanding reveal what happens in practice.

Lexsure’s independent AML audits examine that relationship, helping solicitors’ firms identify gaps and prioritise improvements.

  • Review AML policies and firm-wide risk assessments.
  • Test client files, due diligence and source-of-funds scrutiny.
  • Assess staff understanding and escalation procedures.
  • Identify weaknesses and practical corrective actions.

Visit our dedicated audit website to explore the service and arrange an initial discussion about your firm’s requirements.

Discuss your firm’s independent AML audit →

An audit supports management oversight. Responsibility for AML compliance remains with your firm.

  • Your Conveyancing AML Policy Quotes the Law. Does It Explain the Job

    The article emphasizes the need for tailored anti-money laundering (AML) documentation within conveyancing firms, highlighting gaps between policy wording and practical application. It encourages clear procedures that specify roles, actions, and documentation requirements to ensure compliance and effective monitoring. Independent audits can help address discrepancies in understanding and implementation of AML processes.

    Read full article →.

  • Does Your AML File Review Actually Test Source of Funds?

    “Source-of-funds documents on file: yes.” What does that answer actually establish? It may confirm that bank statements were collected. It does not explain whether anyone investigated the money’s origin, considered unusual entries or reached a reasoned conclusion about the funds being used for the purchase. The SRA’s guidance on AML policies, controls and procedures, published…

    Read full article →.