On 5 February, an article in Legal Futures reported that law firms getting into new areas of work because of the financial impact of Covid, along with handling funds generated through the legal sale of cannabis abroad, are among emerging money laundering risks, the Solicitors Regulation Authority (SRA) has warned. It reminds one that the UK National Risk Assessment of December 2020 rated the overall risk of money laundering involving lawyers as being “high”; and says that the SRA has followed this up with a dedicated sectoral risk assessment looking at the specific risks and challenges within legal services.
THE SRA SECTORAL RISK ASSESSMENT – ANTI-MONEY LAUNDERING AND TERRORIST FINANCING IS AVAILABLE AT –
https://www.sra.org.uk/sra/how-we-work/reports/aml-risk-assessment/
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
