March 1, 2024

Misusing Colleague’s Electronic Signature Sees Law Firm Partner Suspended

In a recent development, a partner has been suspended from practice for 28 days after signing statements of truth in road traffic claims using a colleague’s […]
February 28, 2024

Turning the Tide: U.S. Takes Bold Steps Against Money Laundering

In a significant shift in the United States, the Biden administration is spearheading a comprehensive effort to combat money laundering, signalling a departure from the United […]
February 26, 2024

Lloyds Banking Group Faces Investigation Over Anti-Money Laundering Controls

In a significant development, the Financial Conduct Authority (FCA) have opened an investigation into The Lloyds Banking Group’s anti-money laundering controls, as revealed in the bank’s annual […]
February 22, 2024

Fairbrother & Darlow Law Firm Fined £16,000 for AML Failures

In a recent development, Bracknell-based law firm Fairbrother & Darlow has been hut with a fine of £16,000 by the Solicitors Regulation Authority (SRA) due to […]
February 19, 2024

Experienced West London Solicitor Fined Over £10,000

In a recent regulatory settlement agreement with the Solicitors Regulation Authority (SRA), Amarjit Singh Bhachu, a qualified solicitor since 1991, has been fined £10,402 for misconduct […]
February 15, 2024

Deutsche Bank Told to Improve Money Laundering Controls

In the complex world of finance, compliance is the crucial line between stability and scandal, trust and turmoil. Once again, the spotlight is on Deutsche Bank […]
February 12, 2024

Generative AI in the Legal Sector: A New Wave of Adoption and the Turbulence It Brings

In the world of complex legal terms, one might not immediately think of rapid technological advancement. However, change is quietly reshaping the legal profession through generative […]
February 11, 2024

AML NEWS: Alarm Bells Ring as Lawyers Fail to Conduct Essential Source of Funds Checks

When it comes to following anti-money laundering (AML) rules, understanding and verifying where a client’s money comes from is crucial. This is not just a formality, […]
February 8, 2024

The High Cost of Compliance Failure As Two Law Firms Pay the Price

Financial regulations, especially those aimed at preventing money laundering, are crucial for maintaining consumer trust in the finance and legal sectors. Non-compliance with Anti-Money Laundering (AML) […]
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