CAN AML/CFT CONSULTANTS EFFECTIVELY HELP BUSINESSES COPE WITH COMPLIANCE?
February 18th, 2024
The increasingly sophisticated ML tactics of criminal organisations and the resulting expansion AML/CFT policy and legislation has boosted demand for external consultants.
Indeed, regulators can encourage the hiring of third-party expertise. England and Wales’ legal association The Law Society released guidance last December (2024) on how small law firms can meet their AML compliance obligations, stressing external consultants could provide training on UK AML regulations, that smaller outfits might struggle to deliver in house (1).
Larger law firms with ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.