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Anti-money Laundering Toolkit, 2nd edition


£59.95


Professional conduct


In stock


24 May 2018


Law Society Publishing


9781784460785


Paperback and CD Rom
246 x 172 mm
160 pages

Anti-money Laundering Toolkit, 2nd edition
In Association with the Law Society's Risk and Compliance Service

Alison Matthews

Overview

Parliament has specifically included lawyers within the group of professionals required to take steps to prevent money launderers and terrorist financiers from making use of their services. Consequently, every provider of legal services must have effective anti-money laundering policies in place.

The Anti-Money Laundering Toolkit will provide you with practical know-how about combating money laundering and contains checklists, forms, policies and other templates to help you demonstrate compliance, all of which are contained on the accompanying CD-ROM to enable easy customisation.

This new second edition has been updated to take account of recent legislative and regulatory changes including:

  • The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, which implement the EU Fourth Anti-Money Laundering Directive and the new CDD requirements
  • Amendments to the Proceeds of Crime Act 2002 brought in by the Criminal Finances Act 2017 relating to Further Information Orders and changes to the moratorium period for Suspicious Activity Reports
  • A new risk assessment template that will allow you to assess organisation-wide risks, which is critical to implementation of the Money Laundering Regulations.


Contents

1. Assessing the risk to your practice
2. Setting up systems and controls
3. Client inception
4. Due diligence during the retainer
5. Managing risks around source of funds
6. Making reports
7. Client exit strategy
8. Training
9. Record Keeping
10. Monitoring compliance

About the Author

Alison Matthews is MLRO and Director of Quality and Risk at Shoosmiths LLP. She still runs her own training and compliance company, Alison Matthews Consulting Ltd. She is a previous chair of the Law Society's Money Laundering Taskforce and was a member of the Government's Money Laundering Advisory Committee.