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Regulations surrounding anti-money laundering are continually evolving, with more scrutiny, more accountability, and more personal responsibility for senior managers of businesses. The key takeaway for firms is not just understanding the rules but embedding them into their everyday working practices. What anti-money laundering regulations are changing? Regulators are focusing on the following: Source-of-funds verification Documented risk assessments Enhanced due diligence for higher-risk clients Ongoing monitoring, not just onboarding checks Ensuring training is role-specific and up to date. Supervisors are asking firms to show that their policies are actually being followed by staff. Internal Practices Are Crucial Effective anti-money laundering (AML) compliance relies on five key elements: A realistic, companywide assessment –...
Founded in 1927, Bowcock & Pursaill has been our clients’ number one choice for solicitors in Stoke-on-Trent, Staffordshire and Cheshire for almost 100 years. We also act on behalf of clients throughout the country.
The firm prides itself on its customer service, offering detailed and bespoke advice to clients thanks to our small and highly specialised team of partners, solicitors and legal executives based in Stoke-on-Trent and Staffordshire.
Are you interested in joining Bowcock & Pursaill? We have a friendly and supportive atmosphere, where everyone knows everyone else and there’s a good team spirit.
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