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Anti Money Laundering Services

The Strategic Partners Anti Money Laundering services are aimed at providing firms with a robust process that ensures the firm complies with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and The Money laundering and terrorist financing (amendment) regulations 2019.

This will include other applicable legislation such as The Proceeds of Crime Act 2002 and The Terrorism Act 2000.

Find out more

For more information about our Compliance and Regulation Services you can call us on 0203 911 9710 or you can email us at info@thestrategicpartner.co.uk. You can also download our marketing services brochure by clicking on the link below.

How we help

We will work with your firm to ensure it has a full understanding of the requirements of the AML and related legislation alongside policies and procedures that ensure you manage a compliant environment and sustain it.

Our Anti-Money Laundering Services

Failing to adhere to the AML regulations can and will have severe implications for firms which will attract negative attention from the Solicitors Regulation Authority and other institutions such as your insurer.

The nervousness that the AML creates for firms can often lead to firms implementing procedures and processes that go too far and become cumbersome and difficult to manage on a day to day basis.

We work with firms to introduce an approach to Anti Money Laundering which ensures the firm is compliant but is not tied down with complex documents or processes that the staff find difficult to follow or implement.

We will work with you to bring the firm in line with requirements, including the implementation of:

  1. An AML Policy that reflects how the firm will manage the application of the requirements
  2. An AML guide for staff clearly establishing the action they must take for the different clients the firm has and services they provide
  3. Undertaking a firm wide risk assessment
  4. Checklist for deployment in the firm
  5. A robust reporting structure for suspicious activity or general questions
  6. Maintenance and management of registers
  7. Ensuring that the firm works with necessary providers (such as an online AML search) that provides the needed service at the best price
  8. Training, firm wide, on the regulations and the firm’s procedures
  9. Auditing of the application of the firm’s policies

Reporting to the Partners on the efficiency and application of the policies

Providing guidance on AML issues as they arise at firm or case level

The Anti Money Laundering Services provided by The Strategic Partner are designed to provide a measured approach that ensures full compliance in a way that does not disrupt the day to day work of the fee earners and other staff, both globally and within the UK. 

We provide both packaged (Regulation and Compliance Service and Compliance Administration) and individual solutions that directly add value into the firms we work with.

Additional Compliance Services

For further details on each of the other compliance services we provide, please click on the links below.

Codes of Conduct

Specialist services designed for law firms, to assist with all areas of regulation, inc, COLP & COFA.

Anti-Money Laundering

We will work with your firm to ensure it has a full understanding of the requirements of the AML and related legislation.

Firm and File Audits

We have the expertise to provide firm wide audits and regulation advice across all areas of the practice.

New Law Firm & ABS Applications

We assist individuals and firms with making new law firm and ABS applications for all structure types.

Risk Management

At The Strategic Partner we work with law firms to establish a robust risk management strategy that covers both insurer and regulatory obligations.

Complaint Management

Our complaint management service provides firms with an effective outsource solution that enables complaints to be addressed quickly, with impartiality and resolved in the most effective manner..

Compliance Management

Our services ensure that a firm’s compliance officers can achieve peace of mind knowing that the policies and procedures adopted by the firm ensure the firm is compliant and that it will stay compliant.

Compliance Administration

The Strategic Partners Compliance Administration Service was developed at the request of our member law firms.

SRA Investigations

If your firm expects or has received a notification of investigation or the SRA have arrived at the firm our team are available to assist you.

SRA Interventions

If your firm expects or has received a notification of investigation or the SRA have arrived at the firm our team are available to assist you

Solicitors Disciplinary Tribunal

Whether you have received notification of investigation or the investigation has been concluded and a referral to the Solicitors Disciplinary Tribunal has been made it is advisable to seek expert advice and guidance.

Professional Indemnity Renewal

We work with both the Insurers and law firms providing risk guidance and risk reviews that are used for the purpose of the insurers considering the risk and premiums and in more serious cases whether to offer renewal terms.

Office Procedures Manual

We work with firms to create and maintain their office manuals, including firms with or without Lexcel and other quality kitemarks such as CQS, WIQS and legal aid franchises.

Procedure & Documents Drafting

At the Strategic Partner we work with firms to ensure they have documentation that is bespoke to them and reflects what they do in practice.

Training & Development

The Strategic Partner have developed training which can be delivered to firms and their staff to ensure there is a full and thorough understanding of the issues that firms face when managing risk and compliance and what their role is.

Partnership & Shareholder Agreements

We can assist with drafting and agreeing new partnership and shareholder agreements, reviewing and renewing existing agreements and partner and director disputes.

Succession & Exit Plans

The Strategic Partner can work with firms to develop succession and exit plans that achieve the goals of the current partners, further develop training and mentoring of future the Partners.

Orderly Closure of Law Firms

The strategic Partner works with firms to ensure that closure is undertaken on an orderly basis and where that is simply not possible due to sudden or financial issues, we will work with the firm to minimise negative impact wherever possible.

Data Protection & GDPR

Due to the nature of how law firms operate, the management, control and protection of data is an essential element of a firm compliance and regulation strategy.

Membership

Our membership provides firms with a range of benefits, discounts, updates and interaction all focussed on bringing value to your firm.

We provide both packages and individual solutions that directly add value into the firms we work with.

Enquiries

For more information about our Anti Money Laundering Compliance service you can call us on 0203 911 9710 or you can email us at info@thestrategicpartner.co.uk.

 

Let's talk about how we can help

Get in touch - call us on 0203 911 9710 or complete the form.
Tell us what you need or ask us a question, we'd love to discuss your business.

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