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SRA’s 2024–25 AML Annual Report exposes widespread weaknesses in law firms’ risk assessments and AML controls, calling for urgent, risk-based action and stronger oversight

by AdrianaAMLP | Oct 30, 2025

The report indicates a marked increase in supervisory interventions—covering inspections, file reviews and enforcement actions—as the SRA addresses persistent weaknesses in firm-wide risk assessments, client and matter-level risk evaluations, source-of-funds checks...

BBC: Ex-FIFA chief Sepp Blatter and Michel Platini cleared of corruption as Swiss appeals court affirms “gentlemen’s agreement” defense in fraud case

by Jyotsna Bucktowar | Mar 25, 2025

The Swiss appeals court cleared former FIFA president Sepp Blatter and former UEFA president Michel Platini of all corruption charges related to a controversial 2 million Swiss francs payment made to Platini in 2011. The court affirmed that the payment which had been...

Spotlight on Corruption report examines the contested role of lawyers in facilitating kleptocracy and grand corruption highlighting regulatory gaps and ethical dilemmas

by Jyotsna Bucktowar | Mar 18, 2025

The findings offer valuable insights for policymakers and regulators, emphasizing the need to address regulatory gaps within the legal profession to combat global corruption effectively. This report highlights the importance of scrutinizing legal services that support...

The Law Society Gazette reports that Simpson Thacher & Bartlett was fined £300K for historical AML breaches, including failures in risk assessments and compliance policies

by Jyotsna Bucktowar | Mar 13, 2025

The firm was alleged to have failed to have, in compliance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, to carry out a firm-wide risk assessment between June 2017 and March 2020, and, between June...

Dutch News: Dutch Anti-corruption law needs to be amended to make it easier to prosecute public officials, say Prosecutors and Police

by Jyotsna Bucktowar | Feb 4, 2025

The push for reform follows corruption investigations including a probe into former EU commissioner Neelie Kroes and her alleged involvement with Uber and the Dutch tax office. The investigation initially launched in December 2023 was dropped due to insufficient...
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