The SRA has announced that all regulated firms are about to be contacted to provide information on:
- work they carry out within scope of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
- any contact or involvement they have with the sanctions regime and any persons who are designated under it
- submission of suspicious activity reports to the National Crime Agency.
Firms not involved with one or more of these regimes are required to submit a nil return.
The window for responses opens in early August and closes in mid September.
For further information, questions and answers and a specimen questionnaire, visit:
SRA | Firm anti-money laundering and sanctions data requirements | Solicitors Regulation Authority
