The Solicitors Regulation Authority has released its Anti-Money Laundering Annual Report for 2022-23.

The report provides insights on:

• Firms and individuals in scope of the regulations;
• Enforcement;
• Reporting suspicious activity;
• Assessing risk;
• Sanctions;
• Ongoing monitoring;
• Findings and case studies; and
• Emerging risks.

Firms in the sector should view the report and take any appropriate action recommended by the SRA.

https://www.sra.org.uk/sra/research-publications/aml-annual-report-2022-23/