AML Sanctions
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AML Policy Updates October 2026: Five Areas Law Firms Should Review
The October 2026 AML Policy Update from Lexsure highlights five key areas needing review in firms’ AML and Sanctions Policies, including enhanced due diligence, sanctions licensing, and company verification. It emphasizes the importance of maintaining up-to-date policies, training staff, and ensuring compliance with legal requirements and risk assessments to prevent violations.
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Bank of Scotland Sanctions Fine: Lessons for Law Firms
Updated October 2026: This article has been revised to reflect the official OFSI penalty notice, the SRA’s sanctions guidance and the replacement of the former OFSI Consolidated List by the UK Sanctions List. A sanctions screening system returned no match. The customer presented a British passport. The account was opened. But the individual was a…