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As with many other small firms across the country, David Barney & Co was fined £17,223.21 for failing to have in place or to maintain relevant documentation to prevent activities relating to money laundering and terrorist financing as required by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the MLRs 2017).
Source: Solicitors Journal, 3 April 2024
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The Solicitors Regulation Authority (SRA) has updated its sectoral risk assessment for anti-money laundering and terrorist financing, following HM...
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