UK: REVIEW AML PROCEDURES NOW, LEGAL PRACTITIONERS WARNED AS NEW GUIDANCE RELEASED

On 20 January, the Law Society Gazette reported that a “radical” overhaul of the Legal Sector Affinity Group (LSAG) AML guidance has been launched to help the legal profession navigate AML risks and challenges.  Described as the definitive guide for the legal sector, it has undergone an extensive revision and redraft and replaces previous versions following the introduction of the 5th AML directive last year. 

https://www.lawgazette.co.uk/practice/review-aml-procedures-now-practitioners-warned/5107087.article

The new guidance is available at –

https://www.lawsociety.org.uk/topics/anti-money-laundering/anti-money-laundering-guidance

 

If you would like to make a (polite) gesture and make a (very) modest contribution to my ongoing with my relocation, removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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