Introduction

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Main Nickolls LLP is committed to preventing the firm from being used as a vehicle for money laundering and terrorist financing. As a law firm operating in the United Kingdom, specialising in criminal defence and family matters, we adhere to the highest ethical standards and comply with all applicable laws and regulations. This Anti-Money Laundering (AML) Policy outlines our commitment to combating money laundering and sets out the procedures in place to ensure compliance.

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1. Commitment to Compliance

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Main Nickolls LLP is committed to complying with all relevant UK laws and regulations related to anti-money laundering. We reject any involvement in money laundering, whether committed by our employees, clients, or associates. Our commitment is to conduct our business with integrity, transparency, and due diligence.

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2. Legal Framework

We will adhere to all relevant UK legislation, including but not limited to the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), and any subsequent amendments. We will also stay informed about changes in legislation and update our policies and procedures accordingly.

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3. Responsibilities

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3.1 Senior Management:

• Senior management is responsible for setting the tone and culture of compliance within the firm.

• Allocate resources to support compliance with anti-money laundering regulations.

• Regularly review and update policies and procedures.

 

3.2 Money Laundering Reporting Officer (MLRO):

• Appoint a designated MLRO responsible for overseeing compliance with anti-money laundering policies.

• Report suspicious activities to the National Crime Agency (NCA) when necessary.

 

3.3 All Staff:

• Employees are expected to comply with anti-money laundering laws and report any concerns promptly.

• Attend training sessions to enhance awareness of money laundering risks.

 

 

4. Customer Due Diligence (CDD)

 

4.1 Identification and Verification:

• Implement robust procedures for identifying and verifying the identity of clients.

• Verify the identity of clients before providing services.

 

4.2 Enhanced Due Diligence:

• Apply enhanced due diligence measures for high-risk clients or transactions.

• Monitor ongoing relationships and update client information as necessary.

 

 

5. Reporting Concerns

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Any concerns or suspicions of money laundering should be reported promptly using the firm's established reporting procedures. Reports can be made to the designated MLRO or through our confidential reporting channels.

 

 

6. Training and Awareness

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All employees will receive regular training on the risks of money laundering and the importance of compliance. Training will be tailored to the specific requirements of our business, with an emphasis on practical examples related to criminal defence and family matters.

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7. Communication with Clients and Associates

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Main Nickolls LLP will communicate its commitment to preventing money laundering to clients and associates. We will also make them aware of our due diligence procedures and the consequences of involvement in money laundering.

 

 

8. Record-Keeping

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Maintain comprehensive and accurate records of all client transactions and due diligence measures undertaken. Retain records for the required statutory period.

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9. Monitoring and Review

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This policy will be regularly monitored and reviewed to ensure its effectiveness. Any necessary adjustments will be made to address changes in legislation or emerging risks.

 

 

Conclusion

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Main Nickolls LLP is dedicated to preventing money laundering and promoting a culture of integrity and compliance. This policy will be communicated to all staff, clients, and associates, and its effectiveness will be continuously assessed and improved.