Criminal Finances Act risk assessments
With effect from 1 October 2017, law firms are required to comply with the Criminal Finances Act 2017. The Act is about spotting possible attempts at tax evasion and ensuring that they are not facilitated whether by clients, suppliers or other agents.
All legal practices need to carry out appropriate risk assessments and look at what procedures and policies, including any enhanced due diligence, could be put in place to manage the risks. Risk assessments and policies need to be regularly reviewed and updated to reflect both changes in the practice as well as the client base and nature of work undertaken.
We can help firms of all shapes and size comply with this and all of your regulatory obligations. We are offering risk assessment and standard policy wording for the price of just £125 plus VAT.
Fill in the form below and a member of our award-winning Compli team will contact you to discuss your requirements.