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5 April, 2023
GuidanceRegulatory Arrangements Guidance -Universal OverviewAccounts GuidanceAnti-Money Laundering GuidanceComplaints GuidanceConflicts of Interest GuidanceDealing with Non-Authorised Persons GuidanceEquality GuidanceEstimates and Terms of Engagement GuidanceManagement and Supervision Arrangements GuidanceNotification GuidanceProfessional Indemnity Insurance GuidanceTransaction Files GuidanceUndertakings GuidanceRegulatory Arrangements Guidance –Specific OverviewActing as insurance Intermediaries GuidanceActing for Lenders and Prevention and Detection of Mortgage Fraud GuidanceGuidanceThis non-mandatory many of our [Read more]
16 August, 2020
CLC Anti-Money Laundering CodeCLC Anti-Money Laundering GuidanceAdviceLegal Sector 5MLD GuidanceLegal sector AML Guidance (updated January 2021)Transfer of Funds from China (issued 8 March 2023)Legal sector COVID-19 GuidanceCLC ID & V Guidance NoteA webinar to support this guidance note can be viewed hereAML Enforcement Policy and ProcedureAML red flags in conveyancing transactionsSummaries of National Risk AssessmentsCLC [Read more]
26 July, 2018
Thank you to the many of you who attended one of our compliance roadshows. We have had very positive feedback and those of you who were at one of the events let us know you find them of value. We had useful discussions on a range of key issues and material in this newsletter follows [Read more]
13 July, 2018
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017) came into force on 26 June 2017, replacing the Money Laundering Regulations 2007. Our guidance on the changes can be found here. The CLC supervises those it regulates for compliance with money laundering legislation. To comply with your [Read more]
6 July, 2018
The Court of Appeal judgment in the P&P and Dreamvar cases raised concerns about fraud in conveyancing transactions. This is a reminder of the things you may want to consider to help identify and prevent a fraudulent transaction from taking place: You should carry out appropriate client due diligence (CDD) and Know Your Client (KYC) [Read more]
21 December, 2017
GuidanceRegulatory Arrangements Guidance -Universal OverviewAccounts GuidanceAnti-Money Laundering GuidanceComplaints GuidanceConflicts of Interest GuidanceDealing with Non-Authorised Persons GuidanceEquality GuidanceEstimates and Terms of Engagement GuidanceManagement and Supervision Arrangements GuidanceNotification GuidanceProfessional Indemnity Insurance GuidanceTransaction Files GuidanceUndertakings GuidanceRegulatory Arrangements Guidance –Specific OverviewActing as insurance Intermediaries GuidanceActing for Lenders and Prevention and Detection of Mortgage Fraud GuidanceConflict of interestGuidanceThis non-mandatory many [Read more]
5 January, 2015
Overview In December 2014, the CLC made 3 Exemption Direction applications to the Legal Services Board, related to a range of technical and minor drafting alterations to the CLC Handbook and associated documents: CLC Anti-Money Laundering and Combating Terrorist Financing Code additions – safeguards duplicated from Mortgage Fraud Code Changes to timeframes of First Tier Tribunal [Read more]