Source: Legal Futures by Neil Rose
The Solicitors Regulation Authority (SRA) has called on the government to make it the sole supervisor of anti-money laundering activity (AML) by all lawyers.
It also backed the Legal Services Board’s (LSB) proposal that the oversight regulator should take on the role currently held by the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) in relation to the legal profession.
The SRA’s response to HM Treasury’s consultation on the future of AML supervision argued that the current system was “fragmented and would benefit from rationalisation”…
Read full article: https://www.legalfutures.co.uk/latest-news/sra-makes-pitch-to-be-sole-aml-supervisor-for-uk-legal-sector
