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Since my earlier post I have skim-read overnight, with a stiff drink in hand, the 161 page report referred to in the article. Its a masterpiece of Treasury orthodoxy . But is it already out of date? We are still to hear about the Treasury's latest consultation on AML Supervision Reform.

The Property Lawyers Alliance (PLA) understands that at least two Parliamentary questions on the current AML Regime are to be submitted to the Government. Furthermore, it is aware of tensions between different ministers on this topic.

The Law Society is right. Treasury Dogma is no substitute for evidence-based policies. Several local law societies are in touch with their local MPs.

Like with third-party managed accounts, the legal profession's independence and ability to practise is gradually being undermined. This should concern all of us passionate about a strong and independent legal profession.



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