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Upcoming Reforms to Anti-Money Laundering Regulations for Law Firms

  • Writer: CHAMBERS
    CHAMBERS
  • Jun 25
  • 1 min read

The UK government has announced its intention to introduce clearer and more consistent Anti-Money Laundering (AML) rules applicable to legal practices. This development follows longstanding concerns within the profession regarding the complexity and fragmented nature of current AML compliance requirements.


The proposed reforms are expected to provide greater clarity for law firms and legal practitioners, assisting in the discharge of our professional obligations to prevent and detect financial crime. With the legal sector playing a critical role in upholding the integrity of the financial system, these changes are both timely and significant.


Further details are awaited; however, this announcement represents a positive step towards enhancing regulatory certainty across the profession.





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