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By Paul Jones

Brace Yourselves -The SRA are now carrying out Desktop Anti-Money Laundering Audits.

With the intense focus by the SRA on Anti-Money Laundering over the last year or so, it should not be any surprise that the regulator has decided it can’t wait for lockdowns to be over and it wants to get a picture of how firms are managing their Money Laundering obligations, especially as this time last year their AML Directorate Team were carrying out on-site audits, but for obvious reasons that stopped.