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Lawyers continue to be required to take steps to prevent money launderers and terrorist financiers from making use of their services. There is also increased scrutiny from the regulators. 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 combatting 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 third edition has been updated to take account of recent legislative and regulatory changes and includes:

• The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (MLR 2019), implementing the Fifth EU Directive on Money Laundering;
• The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020; and
• adjustments to organisation-wide risk assessment policies and practices to ensure they comply with MLR 2019.

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Reviews

This eagerly awaited update will deservedly become every MLRO’s most valued resource, presenting easy-to-navigate insight into this key regulatory area...A highly readable, practical and accessible guide.

Fiona du Feu is a legal risk and compliance Consultant

A useful succinct summary of the legislative and practical requirements and the expectations of the Solicitors Regulation Authority.

Sue Mawdsley is a Partner in Legal Risk LLP

Contents

Part 1: Setting the scene; 1. Assessing the risk to your practice; 2. Setting up systems and controls; Part 2: Client interface; 3. Client inception; 4. Due diligence during the retainer; 5. Managing risks around source of funds; 6. Making reports; 7. Client exit strategy; Part 3: Making sure it all works; 8. Training; 9. Record-keeping; 10. Monitoring compliance. 

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About the Author

Alison Matthews is the Money Laundering Reporting Officer and Director of Quality & Risk at Shoosmiths LLP and also runs her own training and compliance consultancy, Alison Matthews Consulting. She is a former chair of the Law Society's Money Laundering Task Force and was a member of the government’s Money Laundering Advisory Committee.