Legal Regulator Reports 161M of Transfers in AML Transaction Monitoring Crackdown
There is clear evidence that money laundering issues are a big issue in the legal profession in the UK today. The most recent figures from the Solicitors Regulation Authority (SRA) in the UK show that, in the 18 months to April 2022, suspect transactions amounting to a total value of more than £161 million were reported to the National Crime Agency. Given that all but two of these investigations involved money laundering, the need for AML transaction monitoring continues to...
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