Do you have any questions regarding your obligations under AML?
Contact AML expert, Marie Hansen today.
13 June, 2018 | Marie Hansen
The purpose of the AML Act is primarily to prevent proceeds of crime being laundered through lawyer’s trust accounts.
The new rules impact how we interact with our clients in a number of ways:
We are in the process of introducing procedures to ensure we comply with our new obligations and will keep you informed as these new procedures are implemented.
These new processes will mean that we are legally unable to act for you until this information has been collected (and assessed). We will be using the best systems and processes to ensure that this information is collected in the most efficient way possible.
The benefit of these new rules is that the process of collecting this information will provide us as your lawyers with a greater understanding of your complete situation, which will enable us to better tailor our advice to suit your individual needs.