Recognising crime—warning signs for staff—law firms
Recognising crime—warning signs for staff—law firms

The following Practice Compliance precedent provides comprehensive and up to date legal information covering:

  • Recognising crime—warning signs for staff—law firms

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP day mean for Practice Compliance?

STOP PRESS: Draft Legal Sector Affinity Group (LSAG) AML guidance was published on 20 January 2021. It awaits approval by HM Treasury and any content may be amended before the final version is published with the Treasury's approval. This document reflects HM Treasury approved LSAG AML guidance published in 2018 and will be updated in due course.

You do not have to behave like a police officer but you do have to remain alert to the warning signs of crime taking place in our organisation and make the sort of enquiries that a reasonable person (with the same qualifications, knowledge and experience as you) would make.

This awareness tool identifies typical warning signs that may indicate that our firm is involved in or is itself being used to commit crime (eg money laundering, terrorist financing, bribery, corruption, property or mortgage fraud or organised

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