A bid to persuade the government to relax money laundering reporting rules has failed.
A bid to persuade the government to relax money laundering reporting rules has failed.
The Law Society told a House of Lords committee earlier this year that the current regime imposes too high a burden on solicitors.
The committee then recommended amending the law so that a failure to report a suspicious transaction would not be prosecuted. In its response, however, the government declined to follow the recommendation.
