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Why 39% of law firm AML risk assessments fall short
For many law firms, anti-money laundering (AML) compliance has become a routine exercise. The client is identified, sanctions and PEP screening is carried out,...
AI fraud pushes adverse media screening up the agenda
Adverse media screening has moved from a supporting element of enhanced due diligence to a central compliance control, driven by a wave of regulatory...
Source of funds is now UK regulators’ top priority
Source of funds compliance has long been treated as a routine step within the broader anti-money laundering (AML) process, an operational box to tick...
FCA to take charge of AML supervision for lawyers
The UK government has announced that the FCA will become the single AML and CTF supervisor for all regulated legal professionals.
The decision, revealed...
Biggest AML compliance penalties for UK firms in 2025
2025 has brought a sharp escalation in enforcement action against UK law firms over anti-money laundering (AML) failings, with regulators handing out some of...
