A radical overhaul of the Legal Sector Affinity Group (LSAG) anti-money laundering (AML) guidance has been launched.

This is designed to help the UK legal profession navigate the complex risks and challenges that AML poses.

The Law Society said it has a range of resources in place to support members so they fully understand and can apply the guidance.

LSAG AML guidance is seen as “the definitive guide for the legal sector.”

There has been an extensive revision and redraft to replace previous versions following the introduction of the fifth AML directive last year.

This included changes ...