Anti-Money Laundering (AML) Risk Assessments

Regulation 18 (1) of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 requires firms in the regulated sector to carry out a risk assessment, identifying and assessing the risks of money laundering and terrorist financing to which the practice is subject.

The regulations also specify a number of risk factors which must be taken into account.

We are practising solicitors ourselves, and have extensive experience of providing legal advice to clients, coupled with our long experience of advising law firms and other professional service firms on AML, professional regulation, we have a deep understanding of the risks faced by the spectrum of firms, from US and UK based international firms dealing with high value corporate and high net worth clients, to smaller, regional private client practices.

As we are practising solicitors, our legal advice on regulatory issues will generally be protected by legal professional privilege.

Latest

  • Legal Risk Publication

    A case of over-zealous prosecution: Solicitors fined for limiting liability in line with SRA guidance

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  • Legal Risk Publication

    Risk Update November 2021

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  • Legal Risk Publication

    Risk Update September 2021

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  • Legal Risk Publication

    A case of over-zealous prosecution: Solicitors fined for limiting liability in line with SRA guidance

    Read More
  • Legal Risk Publication

    Risk Update November 2021

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  • Legal Risk Publication

    Risk Update September 2021

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