AML and solicitors: time to root out the bad apples?

John Binns(+44 (0)20 7430 2277,jbinns@bcl.com) is a partner at BCL Solicitors LLP in London, specialising in AML compliance and enforcement.

The new draft business plan of the UK’s Solicitors Regulation Authority (SRA) [1] says it will regularly visit ‘high risk’ law firms, and a random sample of others, to check their AML compliance. John Binns of BCL Solicitors LLP asks whether this is a sensible approach and considers potential problems.