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Anti-Money Laundering Toolkit

In association with the Law Society's Risk and Compliance Service, 2nd Edition
Alison Matthews in association with the Law Society's Risk and Compliance Service
Availability: Published

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 to enable easy customisation.

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

£59.95

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Category

Regulation and compliance

Published

18/05/2018

Publisher

Law Society

ISBN

9781784460785

Format

Paperback + CD
160 Pages