UK: OPBAS PUBLISHES REPORT ON LEGAL AND ACCOUNTANCY SECTOR AML SUPERVISION

On 28 April, a news release from the FCA advised that the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) has found that professional bodies are continuing to demonstrate good levels of compliance with money laundering regulations but improvements in how effectively they supervise have not been good enough.

https://www.fca.org.uk/news/press-releases/opbas-publishes-report-legal-and-accountancy-sector-supervision

https://www.fca.org.uk/publication/opbas/opbas-report-progress-themes-supervisory-work-2022-23.pdf

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 View all posts by raytodd2017