Law Society says government's AML plans risk 'increased burden' for solicitors

Frances Murray Comments in Law360 on UK's New AML Plans and Rise in Financial Crime Work.

Frances Murray, Head of Financial Crime, was recently featured in Law360 discussing the UK government’s new Anti-Money Laundering Strategy. Commenting on what the changes mean for City lawyers, Frances said: “The combination of more officers and a sharper focus on civil recovery will absolutely drive an increase in cases and demand for financial crime defence […]

Government promises end of tick-box AML: Decoding the UK’s anti-money laundering and asset recovery strategy 2026–2029  - VinciWorks

The government has set out a significant change of direction for the UK’s anti-money laundering regime, with a greater focus on risk and intelligence. Supposedly, the outcomes will deliver a reduced emphasis on compliance activity that delivers little practical value. Published on 15 September, the Anti-money laundering and asset recovery strategy 2026–2029 sets out the […]

Law Society says government's AML plans risk 'increased burden' for solicitors

The Law Society of England and Wales has welcomed the government’s new anti-money laundering and recovery strategy, but has warned about the potential for “increased burden” and duplication of work for solicitors and firms. The Anti-money laundering and asset recovery strategy 2026 – 2029 sets out the government’s £550 million-backed core objectives for defending the …