FCA AML Audit
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FCA AML Audits: The Regulator May Change, but the Risk Will Not Divide Neatly
The FCA is expected to take over direct AML supervision, but legal regulators will retain wider professional oversight. Conveyancing risks will not divide neatly between them.
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FCA Wants Partnership With Solicitors. It Will Still Expect Proof
The FCA says it wants partnership, proportionate supervision and less unnecessary paperwork. For law firms, that makes evidence of effective AML controls more important, not less.