Number of law firms fined by SRA increases following anti-money laundering compliance crackdown

The number of fines against law firms, handed out by the UK’s solicitors’ watchdog, has increased six-fold over the past five years following an anti-money laundering compliance crackdown, according to data obtained by City A.M.  The Solicitors Regulation Authority (SRA), which regulates more than 11,000 law firms in England and Wales, gave out just six […]