The AML Clinic Podcast

The Legal Laundromat: Vulnerabilities in Law Firms

Michelle Episode 1

In this episode of the AML Clinic, Michelle Clement and Graham Mackenzie discuss the critical issue of money laundering in law firms. They explore the vulnerabilities within legal services, particularly in conveyancing, the role of trust and company service providers (TCSPs), and the implications of tax advice. The conversation also addresses the risks associated with probate and busts the myth that firms without client accounts are not at risk of being used for money laundering. The episode emphasizes the importance of understanding the source of funds and the impact of legal work on local communities.