The Solicitors Regulation Authority (SRA) has fined three firms that took over a year to comply with anti-money laundering (AML) obligations.
This marks the start of its enforcement action against firms that delay acting on their obligations under the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLR 2017).
In 2019, the SRA conducted a review to monitor how well firms were complying with the MLR 2017, which requires firms to ...
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