23 April 2025
The Legal Sector Affinity Group (LSAG) has published the latest update to its single sector Anti-Money Laundering (AML) Guidance for the Legal Sector 2025 (‘the LSAG Guidance’).
The updated LSAG Guidance is available to members on the Society’s website by logging into their Member's Dashboard here.
LSAG comprises all the UK legal sector AML professional body supervisors, including the Law Society of Northern Ireland.
The LSAG Guidance has been approved by HM Treasury and remains the principal AML/CTF guidance for all solicitors and other legal professionals to prevent money laundering and terrorist financing in the UK legal sector and to support legal professionals in their compliance with their obligations under the Money Laundering Regulations 2017.
The updated LSAG Guidance 2025 integrates several of the changes set out in LSAG’s previously issued Addendum to the LSAG Guidance 2023, with approval by HM Treasury having since been obtained.
A 'Schedule of amendments' (page 221 et seq) is included in the updated LSAG Guidance 2025 setting out the amendments and updates that have been made.
