National risk assessment of money laundering and terrorist financing 2020
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National risk assessment of money laundering and terrorist financing 2020
The latest UK Government’s national risk assessment was released on 17 December 2020. The risk of money laundering in the legal sector remains high. The assessment notes that the risk of these services being exploited by criminals increases when legal professionals take a tick box approach to compliance. The risk of terrorist financing in the sector is low.
Estate agency and letting services are assessed as medium risk and again the risk of terrorist financing in the sector is low.
See here.
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