Money Laundering Bulletin
UK law firms breach Money Laundering Regulations
Lawyers might be expected to comply with the law but their UK supervisor, the Solicitors Regulation Authority (SRA), reports
that out of 50 practices sampled, only 11 (22%) had a firm-wide money laundering and terrorist financing (ML/TF) risk assessment
in place, with six more (12%) “in the process of implementing one”.