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.
This book examines receiving or overseeing client money in two important and related arenas: within the client account and within the legislative framework for money laundering. It takes a new angle by de-mystifying client money, and 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 previous training materials for the reader to use as continuous professional development.
Key Features and Highlights:
- A new angle on Anti Money Laundering processes and procedures
- A book of particular interest to accounts professionals in legal services and accountants more generally, but also solicitors and other legally qualified individuals
- Legal CPD (case studies, examinations) within the book to meet the requirements for anti-money laundering CPD which are required under the Money Laundering Regulations 2017
- A practical book, aiming not only to inform and be a reference point for the reader and their firm, but also to be useful for policies and procedures, learning and education, and the basis for broader policy debate for more senior professionals.
- Aimed at a wide variety of accountancy and legal professionals, from new starters to money laundering reporting officers.