The news items and other information on this site do not purport to be comprehensive or to give legal or professional advice. cpm21 does not provide legal advice. Whilst every effort has been made to ensure accuracy, neither cpm21, its owners, employees, associates, collaborators, agents or trainers can be held liable for any errors or omissions or inaccuracies contained within each communication, on its website, or in articles, tweets, posts or blogs on social networking sites. Readers should not act upon (or refrain from acting upon) information provided without first taking further specialist or professional advice. cpm21.

Money Laundering Regulations 2017 – Disciplinary action by SRA

The SRA has been visiting a number of firms to review compliance with the new 2017 Regulations.

As a result of those visits, they have referred 6 firms into the SRA disciplinary process.

If you have not carried out the required documented practice-wide risk assessment of your AML Policies and Procedures and implemented the other requirements of the new Regulations then you should do so without further delay.

You can download a copy of the SRA’s full thematic review or a summary of it on the following link