Attys Face Tighter AML Supervision As Overhaul Looms

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AML Supervision


Kathryn Westmore, of the Royal United Services Institute think tank, warned that this "doesn't mean that the SRA is suddenly going to be issuing multimillion-pound blockbuster fines." "But it is something that supervisors are in favour of because it gives them more flexibility, particularly in bigger cases to be able to apply a fine with a rigorous methodology behind it to what is proportionate, "Westmore, a senior research fellow at RUSI's Centre for Financial Crime and Security, said.