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Legal Regulators Lose AML oversight

Legal Regulators Lose AML oversight

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In this Conveyancing Matters chat, Lorraine and Stu talk about the government's recent bombshell announcement that the legal regulators, including the SRA and CLC, are going to lose their AML oversight function. This will be passed to the FCA, although no timeframe has yet been given.

The announcement seemed to take the SRA by surprise - what is your view? Long overdue or an accident waiting to happen?

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