Tag: SRA AML Audit
Articles on SRA anti-money laundering audits and inspections of law firms, including common findings, firmwide and client matter risk assessments, policies, due diligence and the steps firms can take to address compliance gaps.
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HSBC Panel Removal: LMS Oversight
The conveyancing sector is undergoing changes in how LMS manages HSBC’s conveyancing panel, particularly after SRA AML audits. Firms facing SRA sanctions risk lender panel removal, complicating client arrangements and increasing costs. Firms need strategic, remediation-focused responses to manage potential risks. Lexsure offers lender panel removal consultancy services for affected firms.
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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.