Anti money laundering

What we are trying to do

We want to ensure the legal services market does not assist in the laundering of the proceeds of crime

Who needs to know

Everyone working in a firm we authorise and regulate

What's going on

Money laundering is not a victimless crime - it helps fund terrorism and those involved in drug trafficking and people smuggling.

The credibility of law firms make them an obvious target for criminals. The Government has identified the legal sector as high-risk. Last summer it introduced new regulations to put even more stringent demands on law firms to prevent money laundering.

We want to support firms to do all they reasonably can to keep themselves and the public safe. We know that the overwhelming majority of solicitors want to do the right thing. Yet that alone is not enough. Weak processes or undertrained staff can leave the door open for criminals.

If we as a sector continue to be vigilant and treat the issue with the seriousness it deserves, we stand a better chance of making the criminals lives much more difficult. We have published resources to help firms make sure they are doing all the right things to tackle money laundering.

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