AML Firmwide Risk Assessment
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Navigating Change: The 2026 Reform of Money Laundering Regulations
Updates to the UK’s Anti-Money Laundering (AML) landscape are on the horizon. On March 25, 2026, the UK Government laid the Money Laundering and Terrorist Financing (Amendment) Regulations 2026 before Parliament. For legal professionals, these changes aren’t just administrative, they will require a proactive review of how practices manage risk and client data. What’s Changing?…
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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…