As we head into the height of summer, we hope you’re managing to enjoy some well-earned rest whatever you’re up to…whether that’s a proper getaway, a few peaceful days at home, or just a slightly quieter inbox (we can dream!). While the weather hasn’t quite caught up with the season, we’re ever hopeful for a late summer heatwave!

You’ll notice we’ve included a sunny beach scene to set the mood. Completely unrelated to any of the serious regulatory topics we’re covering this month, but again, let’s stay optimistic!

In this edition, we delve into key updates affecting the sector, including the latest updates to the Financial Action Task Force grey and black lists, the SRA’s annual AML data collection campaign (reminder: deadline is 12th August), and the joint advice from the CLC and SRA on performing a strong source-of-funds check. We also shine a light on AI and the regulatory blind spot, and take a look at the changing of the guard at the SRA with some strategic leadership moves.

As always, we hope you find these insights useful and thought-provoking. If you’ve any questions about compliance, training or your marketing, don’t hesitate to contact any one of us.

Wishing you a smooth summer and a little sunshine, somewhere! ☀️