HM Treasury agrees money laundering guidance
HM Treasury has approved the Legal Sector Anti-Money Laundering Guidance prepared by the AML Legal Supervisors. The guidance takes into account of the changes introduced by Money Laundering Regulations 2017 which came into force on 26 June 2017.
The AML Legal Supervisors comprise the Council for Licensed Conveyancers (CLC), along with other legal sector regulators and representative bodies.
Simon Blandy, Director of Regulatory Standards at the CLC, says: “This is very important guidance for all legal professionals, but is particularly relevant to licensed conveyancers. Our regulated community have a significant role to play in ensuring that their services are not used to further criminal activity and we are confident that, once approved, the guidance will assist licensed conveyancers to meet their obligations.”
Kindly shared by the Council for Licensed Conveyancers