The Solicitors Regulation Authority (SRA) will be carrying out rigorous checks on law firms to make sure they are meeting their anti-money laundering obligations.

An initial sample of 400 firms, out of the approximately 7,000 who fall under the scope of regulation, will be written to shortly and asked to demonstrate their compliance with the Government's 2017 Money Laundering Regulations.

The SRA wants to ensure that firms have a money laundering risk assessment, which is legally required, in place and are implementing it. If firms are not complying, they will go into the regulator’s enforcement processes.

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