Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your AML Update Service.
text for AML Update Service:
AML Update: Risks of Money Laundering Through Sham Litigation
Change Date : 21/01/2025 | Word Count: 765 | Deployment Measure : 9/10
Rationale:
This draft wording is recommended for inclusion in your policy if the firm engages in litigation work, as the SRA has highlighted litigation firms as being particularly exposed
The involvement in sham litigation poses significant risks of money laundering for law firms. All staff must remain vigilant to these risks and ensure compliance with the Proceeds of Crime
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