SRA Warning Notice on Client and Matter Risk Assessments

Facebook Linkedin Instagram SRA Warning Notice on Client and Matter Risk Assessments Does your team complete a Client and Matter Risk Assessment (CMRA) for every matter that is within scope of the MLRs? In its recent Warning Notice the SRA complained of ‘a persistent level of non-compliant client/matter risk assessments’. Common issues in SRA file […]

New list 3ZA of high-risk third countries

Facebook Linkedin Instagram New list 3ZA of high-risk third countries The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No.2) Regulations 2023, which came into force on 5 December 2023, replaced the list of high risk third countries in List 3ZA with a new list. Why does this matter? Regulation 33(1)(b) of the Money Laundering […]