FCA AML Audit
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Independent AML Audits : The High Street Firm’s Secret Weapon
The FCA’s shift toward “Impactful Deterrence” is already making waves, there is a specific regulatory transition looming that should have every High Street partner checking their risk register: the transfer of AML supervision. Currently, for most High Street firms, the Solicitors Regulation Authority holds the reins. But the landscape is shifting. The Financial Conduct Authority…
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Palantir and the Future of Law Firm AML Data
The FCA is set to utilize Palantir’s data analytics software to enhance Anti-Money Laundering regulation across law firms. This shift aims to identify high-risk behaviors and improve efficiency, but raises concerns about privacy and legal confidentiality. Firms must prioritize data accuracy to avoid unnecessary audits in this changing landscape.