Solicitors must have an effective anti-money laundering framework in place to comply with the Money Laundering Regulations 2017 (as amended) and the Proceeds of Crime Act 2002. To ensure the policies, controls and procedures (PCPs) are effective, it is essential to continuously monitor compliance. The PCPs must be kept up to date and reflect the revised Legal Sector Affinity Group guidance, which was published in April 2025, following approval by HM Treasury.
The SRA continues to identify failings and non-compliance in firms during its visits and desk-based reviews. The SRA has made it clear that it will be increasing the numbers of visits and reviews. In the Annual Report 2023-2024, the SRA advised that enforcement action has been taken against a combined total of 78 firms and individuals. The SRA has issued 173 fines in its last financial year, totalling £1.3m.
Join our expert speaker, Alison Matthews, to understand the common failings for firms in AML frameworks, including the lack of written client and matter risk assessments, and how to avoid these pitfalls. The session will provide practical insights into how to implement policies for effective governance and ensure you are up to date.
Stay informed about how to strengthen your AML control measures and implement effective practices to protect your firm from AML risks and avoid enforcement action.
To learn through practical example and to have the opportunity to ask questions most relevant to your practice, book your place now!
This online classroom was delivered on Thursday 25 September 2025.
