Law firms face considerable money laundering risks and these have only been heightened during the COVID pandemic. However, the Solicitors Regulation Authority (SRA) has reported significant shortcomings in AML audit, screening, risk assessments, and source of funds checks amongst solicitors, as well as failures to follow policies and procedures at many firms.
In this webinar, we consider why law firms prove attractive to money launderers and identify the legal services most at risk from financial criminals. We also provide guidance to lawyers on how to comply with their anti-money laundering obligations.