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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Technology Impact Assessment: Let’s Talk AML Software
Most firms today rely on slick AML tools to handle ID checks and source-of-wealth. Platforms like Thirdfort and CDDmonitor (digital CMRA) have quickly become the norm. But the rules have changed. Recent HM Treasury guidance and LSAG advisory notes have quietly reshaped what “good” looks like, and many firms haven’t caught up. It is no…
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Regulatory Settlement Agreements: Key Benefits and Strategic Advantages
Regulatory Settlement Agreements (RSAs) have become crucial for efficiently resolving disciplinary matters amidst increased SRA AML Audits. They offer benefits such as resource management, cost reduction, and certainty of outcomes, making them advantageous compared to lengthy legal battles. Expert representation is vital for effective use, especially in straightforward cases.