Defence Against Money Laundering 

Introduction With money laundering becoming a growing threat and criminals becoming more creative with ways to elude detection, how can businesses combat this and have a strong defence against money laundering? You would assume that screening every client and monitoring them long-term would be a time-consuming and complicated task. Well, for those who do it […]

Law Firm Client Onboarding and the Steps to Success

Law firm client onboarding and the key steps to success is an essential topic to discuss. All law firms must adhere to strict guidelines regarding client onboarding. Many factors include hefty sanctions for any money laundering that isn't flagged and the need to ensure firms know precisely who their clients are.  This article looks at […]

How Long Do Anti-Money Laundering Checks Take?

Introduction Whenever a client wants to buy property, get legal advice or apply for credit or a loan, anti-money-laundering checks must be carried out. As methods of determining anti-money laundering are becoming more sophisticated, so are attempts to avoid detection, which means that the amount of time these checks take to complete varies from person […]

What is Aggravated Identity Theft? Important Definitions and Legalities to Know

Introduction Instances of identity theft are on the rise around the globe due to such a high volume of the population using different forms of identification, using digital systems, and attackers becoming more intelligent in their attacks. And an area of identity theft is aggravated identity theft - an area which is often the scariest […]

Anti-Money Laundering (AML) Checks for Solicitors

What is anti-money laundering? (AML) Before we touch on what anti-money laundering is and AML checks for solicitors, it's important to understand the reasons for anti-money laundering (AML). In a nutshell, AML is the process of tackling money laundering through detection, prevention, and punishment. So what is money laundering? Money laundering can be characterised in […]

Wales Legal Awards - Innovation Sponsors

“Alone we can do so little; together we can do so much.” This quote by Helen Keller sums up how we should be looking at the legal sector; especially around innovation. Working as a collective towards the same goal around creating a more innovative sector is essential. And one way to do this is by […]

KYB Checks for Limited Liability Partnerships (LLP)

  Understanding Know your Business (KYB) checks and who you are working with is the first essential step in any business. But knowing how deep you need to know about your client is another task. For commercial law firms, knowing the company using your legal services is often a difficult task. This is why having […]

Should I Start My Own Law Firm? 

Why You Should Consider Starting Your Own Law Firm Starting a law firm is not an easy task. There are many aspects that need to be taken care of. However it does offer a lot of benefits for those who are willing to put in the hard work. This article will help answer the question: […]

How to Check if Someone is Using My Identity UK

What is Identity Theft and Why is it Important to Check Someone is Not Using Your Identity Identity theft is when someone uses your personal information without your permission to commit fraud. This can include accessing your bank account, running up debts in your name, and even getting a job using your personal information. The […]

End-to-end KYC Process

Organisations such as law firms working with new customers are constantly starting new relationships. And like any relationship, they will hopefully be mutually beneficial, long term and where both parties understand and trust each other. Therefore, during the initial stages of engagement you must get to Know Your Customer (KYC), and the end-to-end KYC process. Fortunately, there […]

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