Law firm checklist: reporting suspicions of money laundering, terrorist and proliferation financing—POCA 2002, TA 2000, MLR 2017 compliance and SRA good practice

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Checklists

Reporting suspicions Checklist

This Checklist consolidates duties arising from the Proceeds of Crime Act 2002 (POCA 2002) and the Terrorism Act 2000 (TA 2000) concerning the requirement to disclose knowledge or suspicion of money laundering, terrorist financing or proliferation financing. It also captures recommended good practice to help prevent money laundering and the funding of terrorism, drawn from the latest SRA Preventing Money Laundering and Financing of Terrorism thematic review (March 2018), together with a range of SRA AML reports and publications. The Checklist directs you to relevant Precedents you may adopt or tailor to meet these obligations and suggestions. A section is provided for you to record whether each step has been completed, and to add comments or note actions. For further guidance, see Practice Note: Reporting suspicions of money laundering and terrorist financing—law firms.

Requirement

☐ Appoint a nominated officer — Compulsory. The nominated officer is the individual designated to receive suspicious activity reports (SARs) under TA 2000 and POCA 2002. See subtopic: Nominated officer and MLCO—law firms...

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Web page updated on 20/05/2026

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