July 25, 2022
Anita Clifford has written on Crypto Assets and Sanctions Compliance for Law Society’s “Legal and Compliance Magazine.”
Anita Clifford has written a piece on Crypto Assets considering the money laundering risks associated with digital assets and the implications for the regulated legal sector. She commented:
“The crypto asset world is ever evolving but it is important to remember that the CDD duties remain the same.”
Read piece here: [Law Society]
July’s cover article, “Sanctions compliance” examines what firms should be doing to ensure they do not fall foul of sanctions laws in the wake of news that the SRA is conducting spot checks for sanctions compliance. Anita commented:
“With news that the SRA are performing spot checks, firms need to ensure that their sanctions policies are up to date and proportionate to the nature of their work and the types of clients that it deals with. Sanctions observance is not just the responsibility of the compliance team. A clearly set out policy that is understood by fee earners and support staff alike is important, as will be training on how to conduct sanctions checks and what to do if a concern or suspicion arises. Sanctions enforcement is currently behind AML enforcement but there are signs it is rapidly catching up.”
Read full piece here: [Law Society]
Anita has a strong financial crime interest and advises on anti-money laundering investigations and regulatory requirements, suspicious activity reporting and account freezing and is a ranked junior for POCA work in both Legal 500 and Chambers & Partners. She is also a contributor to the Lloyd’s Law Reports: Financial Crime.