This book takes a new angle by de-mystifying client money, presenting the rules, requirements, and anti-money laundering context of client money in an easy-to-understand guide. The book also encompasses diagrams, worked examples, and a section of training materials for the reader to use as continuous professional development.
Client money is the source of the majority of disciplinary prosecutions for solicitors and other legal professionals; it is also the primary concern of the money laundering legislative framework, including the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2017. Without money involved there would be limited concern about money laundering in a legal transaction. However, our focus is often client identity.
Read an extract of The Law and Regulation of Solicitors: Client Money
Table of Contents
1. The Accounts Rules 2. Receiving Client Money Precedent 2A: Anti-Money Laundering Advice Form Precedent 2B: Anti-Money Laundering Reporting Form 3. Risk Assessments and Risk Management Precedent 3A: Business Continuity Plan Precedent 3B: Anti-Money Laundering Risk Assessment Template 1 Precedent 3C: Anti-Money Laundering Risk Assessment Template 2 Precedent 3D: Anti-Money Laundering and Client Money File Review Precedent 3E: Transaction Finance and Client Financial Health Risk Assessment Precedent 3F: Reflective Anti-Money Laundering Risk Assessment Precedent 3G: Sample Wording for File Storage and File Reviews Policies Precedent 3H: Departmental or Individual Client Matter Risk Assessment (EDD) 4. Legislation, Regulatory Outcomes, and Offences 5. Case Studies Precedent 5A: Sample Compliance Learning and Development Plan Precedent 5B: Part Template Anti-Money Laundering Policy for Small Firms and Natural Persons 6. Continuous Professional Development Appendix 6A: Further information and some answers 7. Current and Future Developments 8. Conclusion Appendix A: Bibliography