Key risks highlighted in the assessment include:
➡️ Misuse of UK property markets following political instability in Bangladesh;
➡️ Poor scrutiny of due diligence documents;
➡️ Increased use of offshore structures to obscure ownership;
➡️ Breaches of the Accounts Rules;
➡️ Structural vulnerabilities linked to new working models; and
➡️ Over-reliance on e-verification technologies.
✅ Firms under SRA supervision should review their business-wide risk assessment methodologies, incorporating the key risks highlighted by the regulator.
AML/CTF/CPF
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