In this episode our panel of legal experts discuss key considerations and challenges facing legal professionals when it comes to anti-money laundering (AML) and suspicious activity reporting. The legal sector covers everything from large global firms down to sole practitioners and our panellists discuss key money laundering threats, risk areas and the indicators which firms and sole practitioners should be looking for.

For the subtitled version of this episode go to: https://youtu.be/FztrHRW0-7U

SRA – Solicitor’s Regulation Authority

MLRO- Money Laundering Reporting Officer

AML – Anti-money laundering

WTW – Willis Towers Watson

FCA – Financial Conduct Authority

CDD – Customer Due Diligence

OFSI – Office of Financial Sanctions Implementation

Further information can be found here:

https://sra.org.uk/aml

https://sra.org/sanctions

https://www.lawscot.org.uk/members/regulation-and-compliance/financial-compliance/anti-money-laundering/

https://www.lawscot.org.uk/news-and-events/law-society-news/aml-thematic-review-of-suspicious-activity-reports/

https://lawsociety.org.uk/topics/anti-money-laundering/

https://wtwco.com/en-gb