SOLICITORS: ‘SIGNIFICANT’ RISE IN MONEY LAUNDERING REPORTS

On 26th July, the Law Society Gazette reported that the Solicitors Regulation Authority (SRA) in England & Wales has seen a 43% rise in reports of possible money laundering.  In the first 9 months of 2018 it received 218 money laundering reports, compared with 152 in the same period in 2017, a ‘significant’ increase according to the SRA.  This information is contained in the SRA report: “Upholding Professional Standards 2017/18”.

https://www.lawgazette.co.uk/news/significant-rise-in-money-laundering-reports-/5071147.article

The report is available at –

https://www.sra.org.uk/sra/how-we-work/reports/upholding-professional-standards-2017-2018.page

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

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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