Report comment

At a recent Money Laundering conference an SRA speaker held forth about how it is the professions responsibility to eradicate money laundering and to that end he was suggesting that the provenance of ALL monies received should be checked.
Surely this is not the law , absent suspicious circumstances or the client being a PEP I do not see this in any part of the statutes or regulations .
Is the SRA seeking to add its own gloss to the regs , and enforce as a conduct matter. If so where is their authority for this.