Source of Funds CDD: An Art or a Science?


Tackling issues of source of funds (SoF) and source of wealth (SoW) when undertaking your client due diligence is often more art than science. In a recent webinar, Kate Burt, Head of Risk & Compliance discussed the regulatory requirements surrounding source of funds and how Legl can help to leverage your firms’ approach to this issue. It is estimated that approximately £100 billion is laundered every year in the UK, and £1.8 trillion on a global scale. How are you ensuring your firm isn’t unknowingly processing dirty money? Spearheaded by the SRA, the Legal Sector Affinity Group (LSAG) is comprised of all of [...]

Source of Funds CDD: An Art or a Science?2022-12-01T09:49:18+00:00

An Update on the Sanctions Measures Against Russia


This article was written by Kate Burt, Head of Risk and Compliance at Legl and experienced solicitor/ consultant. It’s been nine weeks since the Russian invasion of Ukraine and, according to international news reports, the military advancement shows no sign of retreat. The latest sanctions measures were designed to weaken the Kremlin’s ability to finance the war and to impose clear economic and political costs on Russia’s political elite. This issue was covered in my previous article on the subject. Since then, there have been two further statutory instruments enacted since that article, which relate to sanctions on trade and bring the number [...]

An Update on the Sanctions Measures Against Russia2022-05-04T08:05:51+00:00
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