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Anti-money laundering
What is money laundering?
'Money laundering' is a process whereby the the ownership and control of proceeds of criminal conduct, including tax offences is disguised or altered through apparently-legitimate transactions and processes, so that the money appears to originate from a legitimate source.
Solicitors are subject to statutory Anti-Money Laundering obligations pursuant to the Criminal Justice (Money Laundering and Terrorist Financing) Acts. To help prevent money laundering, your solicitor must risk assess, verify your identity and report any suspicious transactions..