Law Firm Compliance Toolkit
The Law‑Firm Compliance Toolkit is a complete, operational AML framework designed specifically for SRA‑regulated law firms. Built in line with LSAG 2023, the Money Laundering Regulations 2017, the SRA Code of Conduct, the SRA Accounts Rules, and POCA 2002, it provides everything a firm needs to demonstrate a clear, defensible approach to AML compliance.
What’s Included
Firm‑Wide Controls
Business‑Wide Risk Assessment (BWRA) template
Full worked example showing “what good looks like”
Internal controls, action plans, and governance structure
Regulatory basis aligned to LSAG, MLR 2017, SRA, POCA, OFSI, and ECCTA
Matter‑Level Controls
Matter Risk Assessment template
Numerical risk‑scoring matrix (1–3 weighted system)
Source of Funds / Source of Wealth documentation
Screening, red flags, escalation, and approval workflow
Completed example entry for training and consistency
Work‑Type‑Specific Controls
Tailored controls for the highest‑risk legal services:
Conveyancing (SOF/SOW, gifted deposits, offshore parties, urgency, client‑account use)
Probate (executor/beneficiary verification, estate funds, third‑party payments)
Litigation (funding sources, settlement flows, offshore counterparties)
Corporate/Commercial (ownership transparency, PSCs, high‑risk sectors, capital injections)
Each section includes red flags, escalation workflows, and “what good looks like” examples.
Client‑Account Controls
Pre‑receipt checks
Controls when funds arrive
Release‑of‑funds safeguards
Red‑flag indicators
Escalation workflow
Recordkeeping and review cycle
Policy & Governance
AML Policy skeleton
Responsibilities for MLRO, COLP, COFA, partners, and fee‑earners
Training, monitoring, SARs, and recordkeeping requirements
Version control for audit readiness
Who This Toolkit Is For
SRA‑regulated law firms
COLPs, COFAs, MLROs
Practice managers and compliance teams
Firms preparing for SRA inspection or internal audit
Firms updating their AML framework to meet LSAG 2023
Why Firms Choose This Toolkit
Fully aligned to LSAG 2023 and SRA expectations
Practical, operational, and ready to use
Designed for consistent, defensible decision‑making
Includes examples, workflows, and real‑world documentation
Suitable for firms of all sizes
This toolkit gives your firm the structure, clarity, and evidence base needed to demonstrate compliance — and to protect the firm from the regulatory, financial, and reputational risks associated with weak AML controls.
DOWNLOAD HERE: Law‑Firm Compliance Toolkit — LSAG‑Aligned AML Framework for SRA‑Regulated Firms — BSAH
Further reading: Why law firms are falling foul of the law, https://www.int-comp.org/insight/why-law-firms-are-falling-foul-of-the-law/
Example below shows a worked firm wide risk assessment:
