Designed for firms that want a thorough check of their AML documentation, without undertaking a full audit or accreditation process, Legal Eye’s AML Document Review offers a focused and efficient route to identifying potential gaps in compliance with the Money Laundering Regulations 2017 (MLR 2017).

What the AML Document Review covers

The service provides a detailed review of a firm’s AML-related policies, controls, and procedures, including:

• Anti-money laundering policy
• Mortgage fraud policy
• Source of funds policy
• Client due diligence procedure
• AML Regulation 18 Firmwide/Practice-wide Risk Assessment
• MLR CFA 2017 Matter Risk Assessments.

After completing the review, Legal Eye supplies a comprehensive written report highlighting any areas of concern and confirming suggested corrective actions to bring documents into alignment with current regulatory expectations.

A practical alternative to full audits

This document-focused service has proven particularly popular with conveyancing practices seeking reassurance around compliance, but who may not require a full AML audit or accreditation. It is especially valuable for firms undergoing internal reviews, preparing for external inspection, or looking to bolster their risk framework.

Paul Saunders, managing director at Legal Eye, commented: “Good documentation is the foundation of AML compliance. Too often, firms only realise there’s a gap when it’s highlighted by a regulator. Our role is to help firms identify and resolve those issues in advance, ensuring their policies are not just in place, but genuinely effective and defensible.”

Quotes are available on request, and the service can be tailored to suit the size and structure of your firm.

For more information or to request a quote, please contact [email protected] or call 020 3051 2049.