Lexis®Library update: It will require all firms to provide responses to a questionnaire outlining how they comply with the UK’s current financial sanctions regime.
All SRA-regulated firms who were not previously required to provide a return as part of the SRA’s 2022 anti-money laundering information exercise must take part in this exercise. The SRA will email each firm’s Compliance Officer for Legal Practice (COLP) or Authorised Signatory in May 2023 with further instructions. The window to provide information is from 2-31 May 2023.
Source: Sanctions questionnaire
This content was first published by LNB News / Lexis®Library, a LexisNexis® company, on 19 April 2023 and is published with permission. Further information can be found at: www.lexisnexis.co.uk
