Anti-Money Laundering

In the current global climate, the importance of having a bespoke, sector specific Anti-Money Laundering (AML) policy cannot be understated.


The UK government, AML supervisors (HMRC, FCA among others) and the regulator overseeing AML supervisors (OPBA) are taking a hard stance against any companies involved in money laundering activities, and the penalties for non-compliance can be severe. This is why it is crucial for businesses to have a robust AML policy in place. A well-drafted AML policy can help protect your firm and your clients from any potential risks and ensure that your business operations remain compliant with relevant regulations.

At Richardson Lissack, we offer a bespoke AML drafting service for businesses who want to ensure that their policy is up-to-date, comprehensive, and tailored to their specific business needs.

Why is an AML policy important?

Money laundering is a serious issue that can have significant consequences for companies. It is the process of disguising the proceeds of illegal activity as legitimate funds, which can include anything from drug trafficking to tax evasion.

Present UK’s anti-money laundering regime

The UK has strict laws, including the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2017 (as amended), in place to prevent money laundering and requires businesses to have AML policies in place to help combat the problem.

Value of an AML policy

An AML policy is a set of procedures and protocols designed to prevent money laundering activities from taking place within your business. It sets out your firm’s approach to identifying and assessing money laundering risks, as well as the steps that should be taken to mitigate those risks. An AML policy can also provide guidance on how to identify and report suspicious activities to the relevant authorities.

Why choose Richardson Lissack’s AML policy drafting service?

Our law firm has a team of experienced lawyers  who specialise in drafting AML policies which are tailored to a business’s needs. We understand the complexities of the AML regulations and the importance of having a robust policy in place. Our team will work with you to understand your business operations and identify any potential money laundering risks.

We will then draft a bespoke AML policy tailored to your specific business needs. Our policy will cover all the necessary requirements of the AML regulations, including customer due diligence, risk assessments, and suspicious activity reporting. We will ensure that your policy is up-to-date with any relevant changes to the regulations and provide ongoing support to ensure that your policy remains effective.

Benefits of our AML drafting service

Bespoke Policy: We will create a tailored policy that meets the specific needs of your business.

Compliance: Our policies comply with all relevant AML regulations.

Risk Assessment: Our team will conduct a thorough risk assessment to identify potential money laundering risks within your business.

Ongoing Support: We provide ongoing support to ensure that your policy remains effective and up-to-date.

In today’s regulatory environment, it is essential for businesses to have an effective AML policy in place. The UK government’s continued focus on corporate criminal offences and the development of legislation that has a dramatic impact on the conduct of businesses, it is imperative that corporations conduct regular firm wide risk assessments (‘FWRA’), which should include the analysis and review of its current policies and procedures,  including combatting money-laundering.

A well-drafted AML policy can help protect your firm and your clients from potential money laundering risks and ensure that your business operations remain compliant with relevant regulations. Our AML drafting service can help you achieve this. We provide a bespoke service that is tailored to your specific business needs and will ensure that your policy is up-to-date, comprehensive, and effective.

If your business requires a review of its policies or new policies and procedures drafting, please do not hesitate to contact us.

Prevention is better than a cure

How Richardson Lissack can help

Our lawyers are available to assist you and provide legal advice in Anti-Money Laundering.

Contact London 020 3753 5352 or Manchester 0161 834 7284. Alternatively you can email

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Ben Richardson
Managing Director
Ben Richardson

“The professionalism throughout was exemplary, I felt I was always able to make contact and receive feedback from the start to the end of the process. Ben was a much needed calming influence throughout.”

Anthony Smith
Anthony Smith

“I would like to say the service from Anthony was excellent. Whilst I see people, including my co-defendants getting frustrated with their legal team (ie. not being able to contact them and not getting questions answered), I have had a great service and was always satisfied from start to finish.”

Tim Thomas
Tim Thomas

“From the day we appointed Tim and his team, the communication with us was outstanding, always at the end of the phone or email, more than often outside office hours, with a fantastic level of knowledge.”

“I am really happy with and grateful for the service Stephen have rendered, which I think has been of high quality. Stephen's advice and insights have always been clear and with my best interests in mind. There are very few professionals I have worked with in either my business or personal life who have been as consistent as Stephen has at doing what he promised, at the time he promised it.”

Kim Nihill
Kim Nihill

“Kim’s always gone the extra distance in times of need and always been ever so easy to talk especially in times of stress. Kim’s very thorough and diligent in her work who’s judgement and opinion I’ll always trust. Kim’s always been readily available and if not - very prompt in getting back to me. I’ve recommended Kim to friends over the years and they’ve always thanked me in doing so as she’s provided them with the same level of care and attention. It’s been very reassuring having Kim in my corner.”

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