AML update 2024 – what next?

The SRA’s unremitting pressure on law firms, enhanced by an unlimited power to fine for economic crime, with increasingly higher fines being imposed on a weekly basis, proves that we must do everything in our power to counter money laundering, terrorism and proliferation financing.

This webinar will explore the latest developments, including:

• Sanctions checks – things to focus on
• Key financial crimes, including counter proliferation financing
• Risk assessments of clients and matters – key inclusions; explaining your thinking
• CDD – the key aspects
  • Getting the key documentation
  • Vetting the key documentation
  • Source of wealth and funds investigations
• Other considerations – high-risk countries, PEPs & ongoing monitoring