Episode 20 - Looking Beyond the Sanctions List

Episode 20 - Looking Beyond the Sanctions List

Michelle Clement is joined by Suzie Ogilvie to discuss how firms can recognise and manage sanctions risk in practice, apply the "reasonable cause to suspect" threshold, and make defensible decisions that stand up to regulatory scrutiny.

Episode 19 - When Legitimate Looks Low Risk: Sovereign Wealth Funds, AML Judgement & Regulatory Scrutiny

Sovereign wealth funds and state-linked structures are often perceived as low risk because they carry an assumption of legitimacy. But how should firms assess these relationships in practice? In this episode, Michelle Clement is joined by Colin Solomon to explore the lessons arising from the Jersey v LGL Trustees Ltd re Angola case, and what it reveals about risk classification, onboarding assumptions, professional judgement, and regulatory scrutiny. Together, they discuss how perceptions of legitimacy can influence decision-making, what regulators look for when reviewing files in hindsight, and how firms can ensure their risk assessments and rationale stand up to scrutiny. Colin has also prepared a summary of the case and regulatory findings. If you would like a copy, you can connect with him on LinkedIn: https://www.linkedin.com/in/colin-solomon-07102613/ [https://www.linkedin.com/in/colin-solomon-07102613/].

Episode 18 - How Do You Know If Your Risk Assessments Are Actually Working?

This episode explores the critical differences between having risk assessments and actively using them in law firms. Hosted by Michelle Clement, with AML consultant Kayleigh Smale, it emphasises how effective risk assessments can shape decision-making, influence behaviour, and ensure compliance. This conversation is about what risk assessments are meant to evidence and why that’s harder than it looks.

Episode 17 - AI, AML and Regulatory Defensibility

In this episode of The AML Clinic Podcast, Michelle Clement is joined by Arik Oslerne to explore one of the biggest shifts currently shaping AML and client onboarding: the rise of AI.  The episode explores: *  where AI is currently adding practical value in AML and onboarding  *  how automation is changing legal workflows and decision-making  *  the risks of over-reliance, false confidence, and loss of context  *  why AI outputs still require human challenge and interpretation  *  what makes AI-supported decisions defensible under regulatory scrutiny  *  how firms should think about oversight, audit trails, and accountability  *  where the legal market is heading as firms increasingly embed AI into practice  The conversation focuses on the reality that regulators will still expect firms to explain how decisions were reached, what information was considered, and whether the outcome made sense in context. Designed for law firm leaders, MLROs, compliance professionals, and risk teams, this episode offers a practical and grounded discussion on how firms can integrate AI into AML processes in a way that is effective, proportionate, and defensible. SRA | Compliance tips for solicitors regarding the use of AI and technology | Solicitors Regulation Authority [https://www.sra.org.uk/solicitors/resources/innovate/compliance-tips-for-solicitors/]

Episode 16 - Hiring Trends in Compliance: Are firms really committed to compliance, or just reacting to pressure?

In this episode of the AML Clinic podcast, host Michelle Clement, a former SRA AML Regulatory Manager, explores the often-overlooked aspect of recruitment in the context of AML compliance. Joined by Lauren Eager, a principal consultant at QED Legal, they discuss how hiring decisions reflect a firm's operational priorities, investment in compliance, and response to regulatory pressures. The conversation highlights the divide between firms that proactively build compliance teams and those that react only under pressure.