Second Edition now in Preparation

Money Laundering Compliance for Solicitors is a an expert analysis of the law on anti-money laundering and countering terrorist financing as it applies to legal practice by compliance experts Matthew Moore and Diane Price. The anti-money laundering regime has been in place in the UK for over 15 years now and has become a firmly established part of the compliance programme of most firms. The complex nature of the subject, however, and the many uncertainties that still exist in the operation of the professional guidelines, mean that the provisions can cause concern when a possible case of money laundering compliance arises. The second edition has been fully updated to address the changes resulting from the Money Laundering Regulations 2017 and the guidance now provided by the Legal Sector Affinity Group. Related areas of criminal finances controls such as the prevention of tax avoidance advice and sanctions controls are also covered and a sample AML/CTF policy (taken from the third edition of the Solicitors Office Procedures Manual) is also provided.

Contents

Part A: The main legislation

  1. An overview
  2. The main offences under the Proceeds of Crime Act 2002 and the Terrorism Act 2000
  3. Legal professional privilege
  4. Making disclosures and civil liability

Part B: The Money Laundering Regulations

  1. The Money Laundering Regulations
  2. The risk sensitive approach
  3. Client due diligence measures and sanctions checking
  4. Checking and processes - client verification
  5. Individual client identification procedures
  6. Corporate client identification procedures
  7. Identification procedures on other bodies

Part C: Related Financial Crimes

  1. Other financial crime reporting obligations
  2. Property fraud

Part D: Work types

  1. Corporate and commercial
  2. Litigation, family and employment
  3. Property and conveyancing
  4. Private client
  5. Sample policy and compliance forms.