06 July 2022
The Law Society has published guides on the ‘Impacts of economic instability on money laundering risk’ and ‘Remote working, client interaction and associated use of AML technology’
The former highlights risks and red flags such as solicitors and law firms being asked to work unusual types of hours and transactions without a clear business rationale. The other guide, on remote working, sets out how to take a risk-based approach when carrying out remote customer due diligence, as well as identification and verification.
