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money laundering advice

AML alert – Source of funds and savings

27 May, 2025

We have noticed that where a client has informed a practice that they have saved funds for a property purchase over a period of time, some practices are in our view not going far enough to establish the source of funds and are instead only establishing “proof of funds” (which is essentially that the money [Read more]

AML Alert – Artificial Intelligence being used to bypass CDD checks

27 May, 2025

As ever, criminals intent on laundering money will use whatever means available to them avoid detection, including Artificial Intelligence (AI).  As AI becomes more sophisticated and those with criminal intent become more adept at deploying it, there is an increasing trend in its use to bypass Client Due Diligence Checks (CDD).  The Legal Services Advisory [Read more]

New AML Guidance

23 April, 2025

The Legal Sector Affinity Group (LSAG), which is comprised of all of the AML regulators in the UK including the CLC, the SRA and the Law Society of Scotland, has today released updated guidance for the legal sector. This guidance is HM Treasury approved, and we encourage CLC practices to review the changes (which are [Read more]

AML: New Intelligence and a Note of Caution

23 April, 2025

The CLC has received some intelligence that fraud and/or money laundering operations that were operating in Liverpool and Manchester prior to 2018 may be active again. A hallmark of these operations is the use of “vendor gifted deposits”. Such deposits can take a few forms, but they may be comprised of “loans” on completion from [Read more]

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