Partner Jessica Parker commented in IBA Magazine in an article on Anti Money Laundering checks in UK law firms.
A fifth of UK law firms are failing to perform basic anti-money laundering (AML) checks despite repeated warnings that the legal profession is not doing enough to keep dirty money out of the City.
Jessica stated that ‘There may be a case for the SRA and other regulators taking tougher action where [there are] money laundering compliance failures.’
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