UK law firms fined for AML risk assessment and control breaches

Three law firms that failed to operate compliant policies, controls and procedures (PCPs) against money laundering and terrorist financing have been penalised by the Solicitors Regulation Authority (SRA) of England & Wales.

Three law firms that failed to operate compliant policies, controls and procedures (PCPs) against money laundering and terrorist financing have been penalised by the Solicitors Regulation Authority (SRA) of England & Wales.