So far in 2026, SRA AML audits have continued to unleash a wave of Regulatory Settlement Agreements (RSAs), signaling a zero-tolerance approach to static, generic, or missing Firmwide Risk Assessments (FWRAs). The Cost of Non-Compliance In the first quarter of 2026, financial penalties for AML-related failures have reached record levels. Analysis of recent settlements reveals… Read more: Firmwide Risk assessment failures land more firms with AML fines

The conveyancing sector is seeing a shift in how LMS manages the HSBC conveyancing panel especially for the firms who have been trough an SRA AML Audit. As one MLRO recently shared with me: “As a result of the Settlement Agreement/SRA imposing a fine of £xxxx we have been removed from the panel of a… Read more: HSBC Panel Removal: LMS Oversight

5 Immediate Actions for Law Firms Following a Reg 21 Independent AML Audit You’ve just crossed the finish line of your Regulation 21 Independent AML Audit. The report is in your inbox, and the temptation to file it away and return to “business as usual” is strong. However, the stakes for law firms have changed.… Read more: Reg 21 Independent AML Audit : The Real Work Begins After