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30 June 2023 / John Gould
Issue: 8031 / Categories: Features , Profession
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The Law & Regulation of Solicitors: Client Money

128471
"This is a bible for those who have to show that they keep the AML faith"
Author: Katie Publisher: Bloomsbury Professional
ISBN: 9781526524621
Pages: 960
RRP: £125

This book is written with the intention of providing an exploration of the current law and policy of anti-money laundering (AML) in the context of legal professionals holding client money. It is a book intended for those with responsibility for AML compliance, which gives it a large and probably expanding potential readership.

Over-compliance: the right approach?

It is not essentially a law book; it refers to just 13 legal cases. On policy, the author has no doubt that the most rigorous AML requirements are justified, and in her view legal requirements fall short of even a starting point for the right and just level of AML. This is not a book in which the worldwide approach to AML policy is likely to be questioned.

The contrary position (as explored, for example, in Ronald F Pol’s paper ‘Anti-money laundering: The world’s

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MOVERS & SHAKERS

NLJ Career Profile: Stephen Ward, The Barrister Group

NLJ Career Profile: Stephen Ward, The Barrister Group

From mowing lawns to life at the Bar: Stephen Ward reflects on an unconventional career

Clarke Willmott—Ben Loosemore

Clarke Willmott—Ben Loosemore

Commercial property partner joins Clarke Willmott in Southampton

Ellisons—Robert Tiffen

Ellisons—Robert Tiffen

Robert Tiffen joins Ellisons as Partner in growing Norwich office

NEWS
The Law Society RFC Festival of Sport returns next month, bringing together legal and financial services professionals for one of the sector’s largest annual sporting events
Legal aid deserts leave almost one in four without adequate access to justice
The Solicitors Regulation Authority (SRA) has warned solicitors and law firms that using artificial intelligence does not alter their professional obligations, amid concerns over inaccurate legal material and client confidentiality
From forgotten interest claims to case-management appeals, a string of procedural developments offers useful—and occasionally cautionary—lessons for practitioners

Jonathan Fisher KC highlights that it now accounts for around 40% of criminal offences, with roughly 70% involving technology, and argues that the UK cannot simply prosecute its way out of the problem. Detection, investigation and prosecution all require improvement, while different fraud types demand tailored responses.

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