Archives: Conduct, practice and risk management

This category can only be viewed by members.

LSAG guidance – updated

May 2025 | Conduct, practice and risk management

The latest version of the LSAG guidance has been issued, published on 23 April 2025. It is required reading for all MLROs, firm leaders and anyone involved with AML issues or responsibilities. There is a useful schedule of 2025 amendments and updates starting on page 221 of the LSAG guidance. Notable changes include: ‘Para 4.7 …

Continue reading “LSAG guidance – updated”

This article is only available to subscribers.

Source of funds/wealth – reminder

April 2025 | Conduct, practice and risk management

The SRA has imposed the maximum fine that it can impose on recognised bodies of £25,000 for AML failings. The firm acted for a non-domestic politically exposed person (PEP) and their associated companies across 36 matters. The matters consisted of residential property purchase transactions, refinancing and reassignment work. The SRA’s report reminds us that: ‘2.3 …

Continue reading “Source of funds/wealth – reminder”

This article is only available to subscribers.