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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 10: FCA-Ready- Practical AML Lessons for Law Firms from the Banking World
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What would it mean for law firms if AML supervision shifted from the SRA to the FCA? And what can the legal sector learn from financial services right now?
In this episode of The AML Clinic Podcast, Michelle is joined by Chantelle Obatolu, Financial Crime Specialist and Assistant Vice President in AML at Sumitomo Mitsui Banking Corporation. With extensive experience across global banks and consulting firms, Chantelle shares practical insight into how the FCA approaches AML supervision in practice.
They discuss:
- The FCA’s supervisory style and what reviews look like in reality
- How deep the FCA goes into governance, systems, culture, and files
- AML reporting expectations and how data drives supervision
- Senior accountability under the SMCR
- What effective remediation looks like
- What law firms can do now to be “FCA-ready”
Whether or not formal change happens, expectations around accountability, evidence, and risk management are rising. This episode offers clear, practical lessons for MLROs, compliance leaders, and law firm decision-makers navigating an evolving regulatory landscape.
Tune in to stay informed, stay compliant, and stay ahead.