New statistics from the UK's Solicitors Regulation Authority (SRA) show that the risks posed to the public and law firms from money laundering, cybercrime and dubious investment schemes have all reached record levels.

In its annual Risk Outlook report, data which suggests criminals are increasingly targeting law firms as a means to steal tens of millions from businesses and the wider public is highlighted.

Reports of money laundering involving firms have risen by two thirds since 2016, with 60 cases reported to the SRA...