Subjects:

Looseleaf Works, Banking and Finance

The Money Laundering Regulations 2007 came into force on 15th December 2007. They require all solicitors’ firms subject to their provisions to conduct a risk assessment on their exposure to money laundering and terrorist financing activity, and to be able to demonstrate to their supervisory body that they have done so. The firm then needs to conduct risk-based identity checking procedures on all matters in accordance with its procedures.

Written by Matthew Moore, editor of the Lexcel Office Procedures Manual, the Web4Law MLRO Compliance Manual is a practical step-by-step guide through the new Regulations and the accompanying statute law and professional guidelines. The publication also includes precedent staff procedures and client enquiry forms for immediate use in your firm. By completing the toolkit elements of the publication you will be able to:-

• Determine if any parts of your firm are exempt from the Regulations
• Conduct and evidence a risk assessment on your firm
• Develop the necessary staff procedures and forms
• Refine your procedures for making disclosures to SOCA

• A printed, loose-leaf version supplied to you
• Updating information as the new regime develops until June 2008