Based on author's thesis (doctoral - University of Liverpool, 2017) issued under title: Anti-money laundering compliance issues in top 50 UK headquartered law firms in England and Wales. Includes bibliographical references and index.
Contents:
Anti-money laundering and the UK legal profession -- The UK AML regime -- Methodology -- The UK AML legislative framework -- The mechanical aspects of the UK AML regime -- The suspicious activity reporting regime -- Participants' perceptions of the UK AML regime -- Conclusion.
Summary:
"Money laundering is a global issue and there is evidence that the services provided by the legal profession may be misused to launder the proceeds of crime. This book explores the experiences of professionals within Top 50 law firms when seeking to comply with the UK's Anti-Money Laundering (AML) legislation. The book draws upon empirical evidence from in-depth interviews with solicitors and compliance personnel from 20 Top 50 law firms. Access to this section of the legal profession is challenging in the context of academic research, and therefore the research provides an account, seldom heard in academic literature, directly from practitioners. The book uses these research findings to explore and discuss the AML compliance issues faced by this section of the profession. International comparisons with regard to UK AML provisions are made throughout. It highlights the challenges presented by the legislative architecture of the Proceeds of Crime Act 2002, and considers compliance issues relating to customer due diligence, AML training, the client account and the suspicious activity reporting regime. It also considers participants' perceptions of the regime, their role within it, and their own assessment of money laundering risk. It concludes by using this evidence to recommend amendments to current AML policy and legislation"-- Provided by publisher.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.