SRA commend solicitors for adhering to AML

SRA the largest of the legal regulators release its own research commending solicitors for adhering to money laundering regulations.

Paul Philip, chief executive of the Solicitors Regulation Authority, said that while “law firms are an attractive target for those wishing to launder money, our analysis shows that the vast majority of the firms take their responsibilities seriously and compliance is good”.

However, he added a caveat, saying the report was “just a snapshot and the challenges are evolving, so there is no room for complacency”.