Blog categorized as AML

Politically Exposed Persons


Politically Exposed Persons (PEPs) are individuals who hold prominent public functions, either in this country or elsewhere, and due to the influence and authority associated with their positions, they may present a higher risk of involvement in illicit activities such as corruption, money launderin...


Source of Funds vs. Source of Wealth
What is the difference between Source of Funds and Source of Wealth. Following the SRA Thematic Review we consider this
Trusted Circles, Quiet Intentions: AML Lessons from the Gunpowder Plot
Gunpowder Plot - the case of the anonymous letter that alerted the authorities to treason - learn the lessons from history
Mischief Night and the Temptation of AML Shortcuts
All Hallows Eve is full of Tricker. But every tale has an underlying lesson.
Glossary of AML Terms & Why It Matters?
Why do these acronyms matter?
Compliance and Car Maintenance
As an illustration let's look at the concept of Car Maintenance through the lens of AML. Find out more.
Law Society of Scotland Updated their CMRA Guidance
The Law Society of Scotland has updated their CMRA guidance. Let's have a look.
Who Helps the Helpers? 
Anti-Money Laundering may not be the reason you entered the profession but it is part of normal business operations
Mastering AML Country Risk 
Geographical Risk - not only a consideration in your FWRA but also in relation to your clients. Apart from FATF are there any other resources to assist in understanding risk? See this toolkit of information.
Why the Reluctance?
Someone suggested that it could be cheaper for firms to be non-compliant. But are there other considerations?
Digital IDs and EU Identity Wallets
Will Digital Wallets be the sole source of truth for the regulated industries?
Snow White and the Poisoned Apple A Fairy Tale of Anti-Money Laundering
Stay alert. Stay compliant. Don't bite the apple without checking the orchard
The Shaving of Suspicion: A Sweeney Todd Tale of AML Gone Wrong
A Sweeney Todd-Inspired Cautionary Tale for UK AML Compliance
AML Through the Emerald Lens: Follow the Yellow Brick Risk Road
The Yellow Brick Road is Littered with possibilities.
Australia's AML Reforms: A New Era for Financial Crime Compliance
Exciting times: AML reforms and Public Consultations
No Independent Internal AML Audit?
Is the lack of an AML Internal Audit (Regulation 21 Audit) a regulatory cause for concern?
AML & Sanctions Data Collection: Are You Ready?
SRA Annual AML and Sanctions Questionnaire considered.
Key Takeaways from the Law Society of Scotland - Guide to AML Inspections

Key insights regarding AML Inspections

The Law Society of Scotland is the regulator for Scottish Lawyers.


They are also the Anti-Money Laundering regulator body for Scottish Lawyers. 


The have a proactive approach to the dissemination of information having produced informa...

HM Treasury Money Laundering Advisory Notice
Key Takeaways from the HM Treasury Money Laundering Advisory Notice - dated 27 March 2025