Private client 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 AML failings in private client practice and how to avoid these pitfalls.
This session is tailored to the needs of private client practitioners, and you will cover everything you need to fulfil your anti-money laundering obligations: from understanding how to identify red flags, conduct effective client due diligence, and implement firm-wide policies and procedures which comply with the Legal Sector Affinity Group (LSAG) guidance.
Learn through practical examples and stay informed. To have the opportunity to ask questions most relevant to your practice, book your place now!
This online classroom was delivered on Thursday 23 October 2025 from 11.00am to 12.30pm.
