In today’s legal landscape, compliance isn’t optional, it’s a core responsibility. Law firms across the UK are under increasing scrutiny to ensure they have robust systems in place to prevent money laundering and terrorist financing. Yet one of the most overlooked aspects of compliance is effective AML training for your team.
Under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, UK law firms are legally obligated to implement ongoing AML training for all staff involved in client work or financial transactions. The Solicitors Regulation Authority (SRA) and Legal Sector Affinity Group (LSAG) both emphasise that firms must demonstrate not just written policies, but a clear, living culture of compliance.
Failing to do so can result in disciplinary action, fines, and even criminal liability. In recent years, the SRA has increased enforcement actions against firms that failed to evidence sufficient AML training and awareness.
Law firms are prime targets for money launderers because of their ability to move client funds and structure complex transactions. Without regular training, even well-meaning staff can inadvertently assist in laundering proceeds of crime. The reputational damage from a compliance breach can be devastating. Trust once lost is hard to regain.
A well-trained team can spot red flags early, ask the right questions, and take appropriate action to protect the firm and its clients.
AML compliance isn’t just about ticking boxes, it’s about building a culture where every team member understands their role in safeguarding the business. Regular, high-quality AML training ensures:
Training also helps reinforce your firm’s ethical values and strengthens internal communication across departments.
Good AML training should be:
At RisqAML, we specialise in delivering AML compliance solutions designed specifically for the legal sector. Our training modules are tailored to your firm’s size, structure, and risk profile, helping you meet regulatory expectations and empower your people.
Whether you need a one-off training session or a continuous learning programme, we make AML compliance simple, practical, and effective.
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