Money laundering “positive”

The “overall picture is positive” in terms of solicitors’ anti-money laundering compliance, the Solicitors’ Regulation Authority (SRA) has confirmed in its Anti money laundering report. The SRA visited more than 250 firms from sole practitioners to large firms to look at their compliance processes and gauge whether staff were able to use these processes. They found a healthy compliance culture in place although some firms could do more. Welcoming the report, Catherine Dixon, Law Society chief executive, says she is pleased but added: “There is no room for complacency”.