Anti-Money Laundering Toolkit
4th Edition
Published on 24. September 2024
Book
Paperback/Softback
224 pages
978-1-78446-252-9 (ISBN)
Description
Lawyers are required to take steps to prevent money launderers and terrorist financiers from making use of their services and there continues to be increased scrutiny from the regulators. Consequently, every provider of legal services must have effective anti-money laundering policies in place.
The new edition of 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 available to download to enable easy customisation.
This fourth edition has been updated to take account of recent legislative and regulatory changes, including:
updated guidance from the Legal Sector Affinity Group on anti-money laundering and counter-terrorist financing
guidance on firm-wide risk assessments
the implications of the Economic Crime (Transparency and Enforcement) Act 2022
the changes introduced by the Economic Crime and Corporate Transparency Act 2023, including the new offence of failure to prevent economic crime
the SRA's power to levy unlimited fines for economic crime offences
the expectations of the regulators, including in relation to sanctions compliance
an update on using the National Crime Agency's portal.
The new edition of 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 available to download to enable easy customisation.
This fourth edition has been updated to take account of recent legislative and regulatory changes, including:
updated guidance from the Legal Sector Affinity Group on anti-money laundering and counter-terrorist financing
guidance on firm-wide risk assessments
the implications of the Economic Crime (Transparency and Enforcement) Act 2022
the changes introduced by the Economic Crime and Corporate Transparency Act 2023, including the new offence of failure to prevent economic crime
the SRA's power to levy unlimited fines for economic crime offences
the expectations of the regulators, including in relation to sanctions compliance
an update on using the National Crime Agency's portal.
More details
Edition
4th New edition
Language
English
Place of publication
London
United Kingdom
Target group
Professional and scholarly
Edition type
New edition
Dimensions
Height: 245 mm
Width: 173 mm
Thickness: 14 mm
Weight
408 gr
ISBN-13
978-1-78446-252-9 (9781784462529)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Previous edition
Book
07/2021
3rd Edition
The Law Society
€94.28
Article exhausted; check for reprint
Person
Alison Matthews is the Risk & Ethics Consultant at Shoosmiths LLP and also runs her own training and compliance consultancy. 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.
Content
Part 1. Setting the scene; 1. Assessing the risk for your firm; 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.