The proceeds of criminal activity are more vulnerable to discovery if they remain outside of the mainstream financial system. This leads to attempts to integrate those proceeds through apparently legitimate transactions so as to hide their criminal origins. The scale of the problem is ever-growing on a global basis.
In an attempt to combat this threat, the United Kingdom has incorporated laws over recent years that place special responsibilities on professional firms, particularly firms of solicitors. This has given rise to the need of those firms for both advice and training about the impact of this legislation on the day-to-day running of professional businesses.
Child & Child are able to offer advice to other professional firms on how to live with their responsibilities under the law in this area. We provide training sessions for solicitors to help them meet their obligations, being able to understand the practicalities of adhering to what is seen by some practitioners as an onerous and intrusive regime.
Please telephone Tim Wallis on 020 7201 3573.
