FORMER SRA AML REGULATORY MANAGER
Independent AML assurance for law firms, informed by experience inside AML supervision.
I spent five and a half years in the SRA's AML Directorate, carrying out AML inspections of law firms and authoring guidance on how firms should assess and manage AML and sanctions risk. I now work as an independent AML consultant to UK and international firms advising on the effectiveness of their AML frameworks, controls and decisions.
ADVISORY AND ASSURANCE
Independent review of the controls your firm relies on.
01
02
Independent AML Audits (Regulation 21)
AML Framework Reviews
03
SRA Inspection Readiness
04
International & Multi-Jurisdictional Firms
An independent AML audit of your AML controls under Regulation 21 of the MLR 2017, tested against the regulations and relevant SRA requirements, with findings and recommendations for senior management.
A structured review of your firm-wide risk assessment, policies, controls and procedures, with findings and corrective actions set out in priority order.
Preparation for an SRA AML inspection or desk-based review, often referred to as an SRA audit. A review of the documents, governance arrangements and matter files the SRA may examine, carried out in advance so that any issues can be addressed.
AML assurance for UK offices of international firms, including the interaction between group-wide AML frameworks, UK regulatory requirements and local governance arrangements.
REGULATORY PERSPECTIVE
Former AML Regulatory Manager at the Solicitors Regulation Authority
Michelle Clement spent five and a half years in the SRA's AML Directorate, carrying out AML inspections, thematic reviews and regulatory work across firms of different sizes and structures.
Michelle Clement spent five and a half years in the SRA's AML Directorate, carrying out AML inspections, thematic reviews and regulatory work across firms of different sizes and structures.
c. 300
AML inspections and desk-based reviews
2
Sets of SRA AML guidance authored
PODCAST AND INSIGHTS
The AML Clinic Podcast
Conversations about AML, sanctions and regulatory risk in the legal sector, with practitioners, regulators, investigators and academics.
Episode number: 13
Episode number: 21
Guest: MLRO at a London corporate law firm
Episode number: 21
Guest: Alison Mathews, Author of the law Society Anti-Money Laundering Toolkit & Founder of Alison Mathews Consulting