Anti-Financial Crime & Financial Crime Compliance
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Compliance, Regulatory, UK

NEWS: British group probes why lawyers flag so few suspected money laundering transactions

BY PAUL O’DONOGHUE, Senior Correspondent

A British professional legal body has reviewed why barristers make so few SARs (Suspicious Activity Reports) to state officials.

The Bar Standards Board, which regulates barristers and specialised legal services businesses in England and Wales, noted that there is concern that the level of SARs reported by lawyers.

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