As you read this, we expect that HM Treasury will have approved new guidance for the legal sector; this will be the first time that we have had one piece of guidance to cover all legal professionals. This is seen as a key part of the review of the whole Anti-money laundering (AML) regime. The AML supervisors are aware that this guidance will need further development to ensure that it is fully accessible to all the differing professions.
The new regulations now include:
We will have increased responsibilities under these regulations in identifying and supervising firms that need to comply with the regulations. Our authorised firms are already supervised by us for AML compliance.
However, if your firm is unregulated but either:
then you need to be supervised for AML and we can assist with this.
If you should be and are currently not being supervised, then let us know at: firstname.lastname@example.org so that you can be included within the support and guidance that we provide.