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…
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…
PLS Solicitors is tackling financial crime by partnering with LMS for enhanced security.Rising financial crime in conveyancing prompts need for robust security measures.LMS confirms provides real-time…
