Anti-Money Laundering Toolkit 3rd ed

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

table of content

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