VinciWorks’ Post

A new blog: The SRA is hammering law firms for not complying with AML rules - but is it really fair? https://lnkd.in/e_zmet96

Navigating the complexities of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance is increasingly crucial for foreign trusts with US or European beneficiaries. The evolving regulatory landscape in 2024–2025 demands stringent compliance strategies to manage legal and financial risks effectively.

Navigating the complexities of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance is increasingly crucial for foreign trusts with US or European beneficiaries. The evolving regulatory landscape in 2024–2025 demands stringent compliance strategies to manage legal and financial risks effectively. https://lnkd.in/dBCXFRXZ

🔍 The Importance of #Customer #DueDiligence in the #EU The #AMLDirective (EU) 2015/849 requires legal and accounting firms to perform stringent customer due diligence to prevent money laundering and terrorist financing. This involves verifying the identities of clients and their beneficial owners, as well as continuously monitoring transactions. High-profile cases, like those involving substantial fines for non-compliance, emphasize the critical need for robust compliance measures. Understanding these EU requirements helps ensure your firm adheres to regulations and mitigates risks. #AML #KYC #Compliance #LegalTech #AccountingTech

Money laundering laws in the EU have been significantly tightened with the approval of a new comprehensive AML regulation by the European Parliament and EU Council, requiring accountants to strictly adhere to uniform standards across all member states. Read the full ACCA article from here: #MoneyLaunderingLaws #AccountingCompliance #LangbrookFinance https://buff.ly/4bOBRV2

The Law Society members can head to the membership page to read the latest insights and advice from MD Richard Simms. This article tackles the common assumption that simply running a digital check on a client meet AML requirements, when really much more needs to be done. Luckily, Richard outlines the steps that can be taken on top of this to get up to speed and stay compliant. https://lnkd.in/eexS6D7w

Tomorrow's session will be presented by Elaine Jackson and is one that will be essential to all bookkeepers. In this webinar, Elaine will cover the following topics; 💷 What is Money Laundering 💷 Who Regulates Anti-Money Laundering Compliance 💷 What are the current Laws & Regulations 💷 On-Boarding Considerations (Sanctions and High-Risk Third Countries) https://lnkd.in/e5bqseM9

Bookkeepers 📣 👋 Are you looking for a plan of action to protect yourself and your business against the threat of being involved in or associated with a client involved in money laundering? If your answer is yes, then be sure to join Elaine Jackson live tomorrow for her session: Bookkeeping - AML - Law & Regulations Update. https://lnkd.in/eU6wKANM

What's new in the world of Anti-money Laundering? Brian Rogers, Regulatory Director at Access Legal, breaks down the latest updates for you here: https://ow.ly/ZB2g50SYgcP #AntiMoneyLaundering #MoneyLaundering #Lawfirms #AML

  Anti-Money Laundering Scenario 9 – Source of funds checks 🔥 Hot off the press 🔥 We have just released the latest in our #training series of Anti-Money Laundering Scenarios, key in helping lawyers maintain knowledge and apply #AML techniques in practice. Each scenario is based on real law firm examples and takes about 10-15 minutes to complete along with feedback and a quiz. Our new Scenario 9 guides you through obtaining the correct evidence for source of funds checks when instructed by a foreign national, essential for establishing that funds and wealth are legitimate. The Scenario also covers dealing with translated documents and Chinese Government rules on overseas transfers. Available standalone for only £15.00 plus VAT or as part of our full bundle of AML eLearning and scenarios for a discounted £60.00 plus VAT. Click the link, or get in touch for more information. [email protected] 0114 273 8300 https://lnkd.in/ebDbHJDb #lawyers #compliance #solicitors #lawfirms