Upcoming changes to letting agents’ anti-money laundering (AML) reporting requirements may create uncertainty.The Office of Financial Sanctions Implementation aims to extend reporting obligations to all letting…
Upcoming changes to anti-money laundering laws could confuse letting agents in the UK.The Office of Financial Sanctions Implementation plans to extend sanctions reporting to all letting…
The Solicitors Regulation Authority (SRA) fines eight law firms £57,000 for inadequate anti-money laundering (AML) controls, highlighting continued issues in the sector.Key failings included the absence…
Metro Bank faces substantial penalties for its anti-money laundering oversight failures.The bank was fined £16m by the FCA for inadequate monitoring of over 60 million transactions.Issues…
The Dutch Central Bank has fined crypto exchange Bybit €2.2 million for bypassing registration requirements. This event marks another significant regulatory challenge for cryptocurrency firms worldwide,…
SmartSearch, a Yorkshire-based tech firm, has made significant additions to its executive leadership team, marking a pivotal growth phase.The company specialises in digital compliance and anti-money…
Starling Bank has been embroiled in controversy following a significant £29 million fine levied by the Financial Conduct Authority (FCA). The fine is the result of…
A City law firm, Candey Limited, has been cleared of misconduct allegations related to anti-money laundering checks.The Solicitors Disciplinary Tribunal ruled in favour of Candey, stating…
An East London law firm has been fined for not complying with anti-money laundering (AML) rules, highlighting ongoing regulatory concerns.The firm, Edell Jones & Lessers, agreed…
A Manchester-based property law firm has been fined nearly £22,000 for failing in anti-money laundering (AML) procedures.The fine, representing 2.4% of the firm’s turnover, highlights the…
