Episode 15 - Why AML Judgement Breaks Down in Practice (And What the SRA Sees When It Does)
22/04/2026 | 10 mins.
In this concluding episode of a three-part series, The AML Clinic Podcast brings together the core themes explored across the trilogy: how the SRA assesses seriousness, what it looks for in AML file reviews, and how internal decision-making shapes regulatory outcomes. Michelle Clement (former SRA AML Regulatory Manager) focuses on where outcomes are truly determined in practice, at the point where risk is interpreted and judgement is applied. Grounded in real-world environments, this episode explores: how risk is interpreted under pressure why consistency remains difficult across firms where technically complete files fall short what supports defensible decision-making Designed for partners, MLROs, MLCOs and compliance professionals, this final instalment offers a clear view of what determines whether your AML approach stands up to scrutiny.
Episode 14 - What the SRA Actually Looks for in Your Files (And Why Most Firms Get It Wrong)
08/04/2026 | 14 mins.
In this episode, former SRA AML Regulatory Manager Michelle Clement explains what the SRA actually looks for when reviewing your files, why technically complete files often fall short, and how to ensure your approach stands up to scrutiny.
Episode 13: Is This Breach Serious? How the SRA Actually Makes That Call
25/03/2026 | 15 mins.
In this episode of the AML Clinic Podcast, Michelle Clement explores how the SRA determines whether a breach is “serious” in practice. Understanding how to evaluate the seriousness of breaches is essential for law firms. Many firms grasp the rules, but fewer truly understand how the SRA assesses seriousness. Knowing this can help you make defensible decisions and avoid unnecessary panic when issues arise.
Episode 12- The AML Questions Law Firms Are Asking (Answered by a Former SRA AML Regulatory Manager)
11/03/2026 | 23 mins.
In this episode, the tables are turned as I’m interviewed by Pearl Moses, the Former Head of Risk and Compliance at the Law Society who came prepared with questions gathered from AML professionals across the legal sector. We discuss the biggest AML mistakes many law firms make, what ''does it make sense” means in practice, and how firms can challenge factual inaccuracies or misinterpretations during SRA engagement. We also explore what the SRA looks for when reviewing files, what the FCA's take over means for the legal sector today, and why firms should focus on building defensible AML frameworks that stand up to scrutiny.
Episode 11 - Navigating Offshore Jurisdictions: Offshore Isn’t the Risk. Assumptions Are
26/02/2026 | 39 mins.
In this episode of the AML Clinic podcast, host Michelle Clement engages with Colin Solomon, a senior specialist in offshore financial services, to explore the complexities surrounding offshore jurisdictions and their associated AML risks. The conversation delves into why offshore entities are deemed inherently risky, emphasising the need for a nuanced understanding of risk that transcends simplistic categorisations. Solomon argues that while there are bad actors in offshore jurisdictions, the perception of risk is often influenced by regulatory caution and media narratives. He provides practical insights for law firms on how to assess offshore structures and beneficial ownership, advocating for a risk-based approach that prioritizes understanding over assumptions.
The AML Clinic Podcast is hosted by Michelle Clement, a former SRA AML Regulatory Manager who has audited hundreds of law firms and authored key SRA guidance now used across the profession.This podcast delivers practical, actionable insight on anti-money laundering (AML), financial crime risk, and regulatory oversight. Each episode offers real-world examples, straight-talking analysis, and lessons from the blind spots regulators focus on, helping law firms and compliance teams understand not just the rules, but how regulators actually assess risk.Designed for MLROs, COLPs, COFAs, compliance professionals, fee earners, and partners, the AML Clinic Podcast equips you to build defensible AML frameworks, make informed decisions, and stay ahead of enforcement trends. Whether you’re looking to improve firm-wide risk assessments, enhance client and matter-level diligence, or navigate SRA and FCA supervision, this podcast gives you the knowledge to act confidently and proactively.
UK