NEWS

News and information from the world of
regulatory compliance and risk management

SRA to collect firm anti-money laundering and sanctions data
3 July 2024

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

read more articles