The Legal Sector Affinity Group (LSAG) has published its Anti-Money Laundering guidance for the Legal Sector 2021. As set out in its background, LSAG aims to “aid… compliance and to effectively protect against Money Laundering and Terrorist Financing risks”. The LSAG guidance is an invaluable aid to those in the legal sector, and has been written in light of changes to the Regulations. While an invaluable aid to those in the legal sector, the complex guidance is over 200 pages long.
VinciWorks has created a concise guide highlighting the core concepts of the LSAG guidance, including practical tips. The guide includes an introduction to the guidance, an overview of risk assessments, what you need to know about Client Due Diligence (CDD), Enhanced Due Diligence (EDD), and Simple Due Diligence (SDD), and how the use of technologies such as Omnitrack can be helpful in carrying out risk assessments, CDD, ongoing monitoring, and ‘just in time’ training.
Click here for a free download of the guide.
The LSAG AML Guidance: What law firms need to know | Free guide download is written by VinciWorks for vinciworks.com