The Challenges of AML for Law Firms 2016


The legal sector is facing unprecedented regulatory intervention and an increased focus on anti-money laundering (AML). Legislation triggered by the EU 4th Anti-Money Laundering Directive, as well as recent high-profile media scandals such as the Panama Papers revelations, are driving change and putting law firms’ financial crime compliance screening procedures under the spotlight.

The Challenges of AML for Law Firms 2016 Survey, designed in collaboration with the Law Society, aimed to identify whether there has been a shift in focus for risk and compliance professionals in this sector, and how the industry anticipates further changes to compliance standards relating to financial crime.

The full results of the Challenges of AML for Law Firms 2016 Survey have been collated in the following report to help law firms benchmark their compliance strategies against the market.