SOLICITORS REGULATORY AUTHORITY CALLS FOR LAWYERS TO HAVE A SAY IN MONEY LAUNDERING SURVEY

On 3rd October, the Solicitors Regulatory Authority in the UK said that it is supporting research being carried out by The Institute for Criminal Policy Research (ICPR) into how professionals such as solicitors can inadvertently help money launderers.  CPR is conducting an independent survey to gain a better understanding of how professionals are targeted and recruited by organised crime groups, the regulatory response to this threat, and the measures taken to protect the profession.  It says that solicitors and firms play a critical role in detecting and preventing money laundering.  Organised crime can only operate if criminals can move money into the legitimate financial world.  The SRA says it would therefore appreciate it if solicitors and their firms completed the survey.

https://sra.org.uk/sra/news/press/icpr-aml-survey-2018.page

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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