SRA AML Audit
Articles on SRA anti-money laundering audits and inspections of law firms, including common findings, firmwide and client matter risk assessments, policies, due diligence and the steps firms can take to address compliance gaps.
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Mind the Gap: SRA Targets the “Disconnect” in AML Policies for 2026 Thematic Review
The SRA’s 2026 AML thematic review will scrutinize the effectiveness of firms’ AML Policies, Controls, and Procedures (PCPs). It aims to address the ongoing disconnect between established policies and actual practices. The review emphasizes the importance of independent audits and proactive compliance measures to strengthen AML frameworks and mitigate risks effectively.
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SRA AML Audits: What Law Firms Need to Evidence
The Solicitors Regulation Authority (SRA) is intensifying its Anti-Money Laundering (AML) enforcement, conducting a record number of audits ahead of the FCA’s expanded oversight. Firms must prioritize compliance, as deficiencies found can lead to serious consequences. A compliance checklist highlights essential steps to prepare for increased scrutiny and potential fines.