Tag: FCA AML Data
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FCA AML Supervision of Law Firms: The 2028 Transfer Is Taking Shape
The FCA expects to begin assuming AML supervision of approximately 60,000 legal and accountancy entities toward the end of 2028. This article examines its proposed risk based approach and the practical steps law firms should take now.
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The Fee Earner Firewall: Why Technology Won’t Replace the AML Professional
The landscape of AML compliance is shifting from a focus on technology to human interpretation. As automated systems advance, legal professionals must emphasize understanding why certain risks are flagged, rather than just relying on software. Investing in fee earners’ judgment and wellbeing is crucial to navigate nuanced challenges and maintain integrity in the field.