AML compliance in practice: case studies and application

The Money Laundering Regulations have formed part of the professional landscape for over two decades. Yet, as the regulatory framework continues to evolve in complexity and scope, many firms still face uncertainty when interpreting their precise obligations in practice.

For those responsible for AML compliance within law firms, the challenge is not simply understanding the Regulations, but applying them proportionately, consistently, and defensibly — while maintaining client relationships and managing risk.

This practical webinar will provide clarity on what compliance requires in real-world scenarios. Through a series of structured case studies and worked examples, the session will examine how the Regulations and accompanying guidance operate in day-to-day practice.

Topics covered include:

• What it means to be a ‘gatekeeper’: the 3 key questions:
  • Who are you and can you prove it?
  • Where do you get your wealth from?
  • Where are the transactional funds coming from?
• Case studies: what we have to do to comply
  • CDD; e-ID&V
  • CRAs
  • MRAs
  • SoW
  • SoF
• What do all the acronyms mean in a practical context?
• The crucial importance of Ongoing Monitoring