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.
Expect straight-talking insights, real-world examples, and a look at the blind spots the SRA actually targets.
Created for MLROs, MLCOs, partners, fee earners, and compliance professionals who want to stay ahead and stay out of the next enforcement headline.
The AML Clinic Podcast
How not to conduct source of funds checks - A Cautionary Tale from the SDT
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