SearchFlow launches free AML Risk Assessment Best Practice guidance
SearchFlow – the UK’s leading provider of conveyancing search solutions and legal reports – has launched a free best practice guide and on-demand webinar for property lawyers and conveyancers, which focuses on AML Risk Assessment.
With the Solicitors Regulation Authority (SRA) sending a strong message to property law professionals that failure to have an Anti-Money Laundering (AML) risk assessment in place is considered a significant breach of the money laundering regulation, the free guide and webinar are designed to help property conveyancers avoid potentially serious misconduct and any associated enforcement actions.
The Guide provides a practical ten step process that offers advice to money laundering officers (MLO), nominated officers and deputy officers in an ever-changing AML landscape, to help ensure appropriate and efficient checks are in place without impacting workplace productivity.
The webinar provides advice from a panel of experts relating to the practical steps required to safeguard firms through ongoing compliance.
Dr Thomas Quirke, Managing Director of SearchFlow, said:
“Money laundering has been under the scrutiny of legislators for some time. With previous estimates of £36 billion to £90 billion now considered significant underestimates by the National Crime Agency, it’s not hard to see why. Although the money laundering regulations can seem intimidating, with the right approach, technology and guidance, staying compliant can be an opportunity to increase business efficiency, while future-proofing your firm and staying ahead of the competition.
“The 5th AML Directive, which comes into force on 10th January 2020, stresses a risk-based approach and firms therefore need to show they are adapting policies and procedures in line with the law. Our free guide and webinar are designed to support property lawyers and conveyancers in taking the right steps to ensure AML checks are conducted with every transaction, in the most efficient way possible.”
To download the AML Risk Assessment Best Practice Guide, visit http://info.searchflow.co.uk/AML-bestpracticeguide. Alternatively, to access the on-demand webinar visit https://info.searchflow.co.uk/implementing-aml-regulations-webinar or telephone SearchFlow on 0870 423 2922.
Kindly shared by SearchFlow