January 5, 2024
Money laundering remains a substantial threat to the UK economy, with an estimated annual cost of £100 billion. The government’s response comes in the form of […]
December 17, 2023
December 15, 2023 – The Solicitors Regulation Authority (SRA) has recently reinforced its commitment to enforcing anti-money laundering (AML) regulations by imposing fines on two law […]
December 6, 2023
The National Crime Agency (NCA) in the UK has issued a critical warning to financial institutions and regulated sectors regarding Russia’s ongoing efforts to bypass sanctions […]
November 27, 2023
Binance’s Compliance Challenges and the Role of Technology in AML Efforts Recently, the cryptocurrency exchange Binance faced significant legal challenges when its CEO, Changpeng Zhao, pleaded […]
November 27, 2023
Ashfords, a prominent law firm in the South-West, has been subjected to a substantial fine of £101,357 due to inadequacies in handling potential money laundering risks […]
November 21, 2023
The Economic Crime and Corporate Transparency Act, receiving royal assent on 26 October 2023, introduces significant reforms in the UK’s approach to corporate transparency and the […]
November 20, 2023
A recent review by the Council for Licensed Conveyancers (CLC) has revealed a significant compliance gap in anti-money laundering (AML) practices among licensed conveyancers. The CLC’s […]
November 17, 2023
The Solicitors Regulation Authority (SRA) has recently implemented its first set of fixed penalty notices, targeting firms that have failed to adhere to transparency rules. This […]
November 13, 2023
In a decision that underscores the legal sector’s stringent stance on anti-money laundering (AML) compliance, two licensed conveyancers have been handed permanent disqualifications following a serious […]