The Law Society of Northern Ireland is the professional body supervisor and sole designated supervisory authority under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (Amended) (‘the MLRs’) for the solicitors’ profession in Northern Ireland.
Money laundering is a global issue which impacts local communities. Legal professionals are among the vital gatekeepers to the legitimate economy. The Society recognises that the effective Anti-Money Laundering and Counter Terrorist Financing (AML/CTF) work undertaken by solicitor firms in Northern Ireland is essential to ensure that the proceeds of crime are not introduced into the wider economy.
This is the Society’s fifth annual report published as part of its responsibilities as an AML/CTF professional body supervisor and its duty to report information on its AML/CTF supervisory activities under Regulation 46A of the MLRs.
The full report can be downloaded here:
