Anti Money Laundering
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The FCA is Coming: Why Your Next AML Audit is the Most Critical One Yet
A “changing of the guard” is underway in the world AML supervision. As recently reported by the Law Society Gazette, the UK government is moving toward a single supervisory model, with the FCA set to take over AML oversight from the SRA and other professional bodies. For many law firms, the reaction has been a…
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AML Supervision: The “Paper Tiger” Era is Ending
A recent Financial Times report on the state of anti-money laundering (AML) supervision in the UK has sent a clear message to the professional services sector: while compliance is improving, enforcement still lacks the “teeth” necessary to be a true deterrent. At Lexsure, we perform Independent AML Audits for a wide range of legal firms…