Report comment

Please fill in the form to report an unsuitable comment. Please state which comment is of concern and why. It will be sent to our moderator for review.

Comment

The National Risk Assessment of Money Laundering and Terrorist Financing 2025 notes in relation to the Economic Crime Plan 2023 - 2026 that "An increase in the effectiveness of UK's AML/CFT regulatory and supervisory regime" is required. This is to be achieved by "...making customer due diligence more risk-based, enhancing coordination and information sharing, clarifying regulatory ambiguities, and reforming the Trust Registration Service. Policy development is ongoing and next steps will be announced in due course." It seems unlikely that there will be any relaxation of solicitors' responsibilities in relation to client due diligence checks.

Your details

Cancel