The Liver Building

Staying Ahead on AML & Compliance Standards: 2025 Insights and 2026 Priorities

Details

Speaker: Tracy Thompson

Date: Thursday 11th December, 2025

Time: 12:30 - 13:30

Areas of Law: Management

Competencies: A

Venue:
Online

Course Code: S4942

Description

2025 has brought a wave of important Anti-Money Laundering (AML) developments, requiring firms to revisit their Firm-Wide Risk Assessments and update AML policies and procedures. This session, led by Tracy Thompson, will provide a concise yet practical overview of the past year and prepare firms for what lies ahead in 2026.

Key areas covered include:

  • Revised LSAG Guidance (April 2025): Practical updates and implications for day-to-day compliance.
  • National Risk Assessment (July 2025): Insights from the Treasury’s findings and consultation on the Money Laundering Regulations.
  • SRA Sectoral Risk Assessment (July 2025): How the regulator’s updated view affects your firm’s risk profile.
  • SRA Compliance Conference Highlights (October 2025): Key compliance priorities emerging from the SRA’s annual Compliance Conference.
  • SRA Thematic Visit Findings: Unpublished but critical regulator expectations, including:
    • Robust Source of Funds/Source of Wealth checks.
    • Strengthened AML training requirements.
    • Effective Regulation 21 Independent Audit processes.

By the end of the session, delegates will leave with clarity on the latest AML obligations, a forward look at 2026, and practical action points to maintain compliance with both regulatory standards and quality frameworks such as Lexcel and CQS.

Can’t make the date/time or need to revisit the training? No problem, booking onto any online or hybrid event means you will receive a link to access a recording of the event at your leisure!

*Multi Delegate Discount Offer for Members* Pay member rate for 1st delegate, then £55 for 2nd & only £30 for all other delegates (+vat)
 Booking total will show full price but invoice will be discounted. Multi delegate discounts cannot be used in conjunction with the Training Passport

Speaker Biographies

Tracy Thompson

Tracy Thompson is a respected Law Society accredited Risk and Compliance Specialist, AML Consultant, and Regulation 21 AML Independent Auditor, with almost 30 years of experience in the legal sector. A qualified property lawyer of 17 years, Tracy brings a wealth of practical and strategic insight to law firms across the UK.

 

Tracy’s current portfolio of work places strong focus on compliance, quality standards, and anti-money laundering regulation. She provides tailored consultancy services to firms navigating increasingly complex regulatory landscapes, and is widely recognised for her expertise in Lexcel, CQS, and AML compliance frameworks.

 

Appointed to The Law Society’s Lexcel Panel in 2013, Tracy has served as both a Lexcel Consultant and Lexcel Assessor for over 15 years. In 2019, she was further appointed as a Lead Assessor for the Law Society’s Conveyancing Quality Scheme (CQS), underlining her authority in the sector.

 

In addition to her consultancy work, Tracy also supports firms in meeting their obligations under Regulation 21 of the Money Laundering Regulations by acting as an Independent Auditor, a role which she has carried out since 2018. Her work is rooted in practical experience, having formerly served as Managing Partner of a multi-million-pound, multidisciplinary law firm in Merseyside.

 

Tracy is also a sought-after legal trainer, known for her engaging delivery and practical insights, and continues to support firms nationwide with risk management, compliance systems, and quality accreditation.

Prices

Member £55
Non-member £70
Training Passport Free
Note: 20% VAT added at checkout