Anti money laundering

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What we are trying to do

Make sure the legal services market does not help launder the proceeds of crime

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Who needs to know

Everyone working in a firm we authorise and regulate

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What's going on

Organised crime has long targeted solicitors firms in a bid to launder their money. Solicitors often handle large sums of client money, and the reputation of the profession gives a legitimacy to any transaction carried out by a solicitor firm.

Solicitors have an obligation under Outcome 7.5 to "comply with...anti-money laundering...legislation".

We have been working closely with the profession to ensure that each firm has systems in place to detect suspicious activity, and that staff have sufficient training to use these systems, submitting reports to the National Crime Agency if necessary.