Updates on anti-money laundering obligations, sanctions regimes and financial crime compliance for legal practitioners.
The SRA sectoral risk assessment was substantially rewritten on 6 August 2026, adding three emerging risks firms must take into account under regulation 18(2)(a) when drafting a firm-wide risk assessment.
A firm-wide risk assessment is the document the SRA asks for first on inspection, and regulation 18(2)(a) requires firms to take the sectoral risk assessment into account when…
HM Treasury confirmed in June that AML supervision of law firms moves from the SRA to the FCA. The Financial Services and Markets Bill carries the clauses, with…