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SRA imposes record £20K (€23K) fine for AML failings

By Alisha Houlihan for AMLi

The UK’s Solicitors Regulation Authority (SRA) have imposed a record £20K (€23K) fine on a firm for failing to implement anti-money laundering procedures.

This is the largest fine the regulator has issued since increasing its penalty powers to £25K (€29K) last year, according to The Law Gazette.

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