• Regulators expect firms to demonstrate robust compliance.
• With the new AML regime on the horizon, and likely information sharing, your AML history may well be passed to the FCA.
• Gaps in AML processes can lead to fines, reputational damage, and increased scrutiny.
• Regular audits can highlight blind spots, and show regulators that your systems are secure.

Mock Audit 

A confidential, preparatory review designed to test your AML framework before a formal audit.

• Identifies risks early

• Builds team confidence

• Provides practical recommendations without regulatory pressure

Regulation 21 Internal Audit 

A mandatory, independent audit required under the Money Laundering Regulations.

• Reviews policies, procedures, and controls

• Tests compliance across your firm

• Produces a clear report with findings and recommendations

Together, these audits form a continuum: a mock audit helps you prepare, while a Regulation 21 audit comments on whether you meet your legal obligations.

Every audit follows a structured process:

1. Discovery and Scoping - understanding your firm’s size, risk profile, and AML framework.

2. Document and File Review - examining policies, procedures, and sample case files.

3. Interviews and Testing - assessing how AML processes work in practice.

4. Audit Report - clear findings, practical recommendations, and next steps.

5. Follow‑Up Support  - optional guidance to implement improvements.

This approach ensures audits are proportionate, constructive, and focused on strengthening your compliance culture.

Small law firms in London face unique challenges. You work hard to serve your clients, protect your reputation, and meet demanding regulatory standards - often with limited resources and constant pressure.

We understand that:

• You take your professional obligations seriously and want to demonstrate strong governance.

• You worry about how regulators and clients perceive your firm’s reputation.

• You are doing your best to balance compliance with the realities of running a busy practice.

That’s why our audits are designed to be proportionate, constructive, and supportive. Instead of adding stress, they give you:

• Clarity - a clear picture of where your AML framework stands.

• Fostering a culture of continuous improvement

• Practical steps - recommendations that fit the realities of small firm practice.

Ignoring AML audits or delaying preparation carries real consequences. Without regular review:

• Regulators may impose fines, sanctions, or increased monitoring.

• Weaknesses in your AML framework can remain hidden until they cause serious damage.

• Your firm’s reputation with stakeholders may be undermined.

• Remediation costs and loss of trust can far outweigh the effort of proactive auditing.

• It can place a further staff and resource burden, and can lead to key staff leaving.

By investing in mock audits and Regulation 21 internal audits, you protect your firm’s integrity, demonstrate strong governance, and move forward with confidence.

AML compliance is not just about meeting regulations - it is about protecting your firm’s integrity and future.

Whether you need a Regulation 21 audit or a confidential mock audit, Alexander Christian provides the clarity, discretion, and expertise to guide you through.

Book your AML audit today — and move forward with confidence.