The AML Clinic Podcast
The AML Clinic Podcast is hosted by Michelle Clement, a former SRA AML Regulatory Manager who has audited hundreds of law firms and authored key SRA guidance now used across the profession.
This podcast delivers practical, actionable insight on anti-money laundering (AML), financial crime risk, and regulatory oversight. Each episode offers real-world examples, straight-talking analysis, and lessons from the blind spots regulators focus on, helping law firms and compliance teams understand not just the rules, but how regulators actually assess risk.
Designed for MLROs, COLPs, COFAs, compliance professionals, fee earners, and partners, the AML Clinic Podcast equips you to build defensible AML frameworks, make informed decisions, and stay ahead of enforcement trends. Whether you’re looking to improve firm-wide risk assessments, enhance client and matter-level diligence, or navigate SRA and FCA supervision, this podcast gives you the knowledge to act confidently and proactively.
The AML Clinic Podcast
Episode 3 - How not to conduct source of funds checks: A Cautionary Tale from the SDT
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In this episode of The ANL Clinic, we dive into one of the most critical and often misunderstood areas of financial crime prevention: the difference between source of funds and source of wealth.
We explore a real Solicitor Disciplinary Tribunal case involving a politically exposed person, a £1.1 million transaction and a £1.9million transaction, and serious gaps in due diligence.
Key takeaways:
- Why distinguishing source of funds vs source of wealth matters
- The risks of relying on third-party assurances
- How compliance failures can lead to disciplinary action
SRA | Thematic review of source of funds and wealth compliance | Solicitors Regulation Authority