AML 2026: Updating Your Framework and Putting it into Practice

2026 has brought further change to the AML landscape for law firms, with amendments to the Money Laundering Regulations and the SRA’s latest Sectoral Risk Assessment prompting firms to revisit their AML arrangements.

But updating the Firm-Wide Risk Assessment or AML policy is only part of the picture. Firms also need to ensure that changes in risk are reflected in their policies, procedures and controls, and importantly, are understood and applied in practice.

This practical session will follow the AML compliance journey from the Firm-Wide Risk Assessment through to the individual conveyancing file, covering:

✅ Key 2026 AML developments and their impact on firms

✅ Reviewing AML policies, procedures, forms and guidance

✅ Client and Matter Risk Assessments and CDD

✅ Source of Funds and Source of Wealth

✅ Ongoing monitoring and escalation

✅ Evidencing risk-based decisions and professional judgement

✅ The role of training, supervision and file review

Designed for conveyancing professionals and those responsible for AML compliance, the session will help firms assess whether their AML framework remains current and, crucially, whether it is being applied effectively in practice.

Kindly shared by tmGroup