UK: NEW GUIDANCE PUBLISHED TO HELP SOLICITORS COMBAT MONEY LAUNDERERS

On 2 February, the Solicitors Regulation Authority said in a news release that, following on from the regular national economy-wide money laundering (and terrorist financing) risk assessment published by the Government in December, it has published a dedicated sectoral risk assessment looking at the specific risks and challenges within legal services.  It is said that sectoral risk assessment identifies and discusses the biggest issues and emerging threats currently facing providers of legal services as they look to combat money launderers.  It is complemented by the LSAG guidance, which covers all the bases of the 2017 regulations, plus a thorough review of how regulations and expectations on firms have evolved since then.

https://www.sra.org.uk/sra/news/press/new-aml-guidance/

I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, 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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