Legal Profession: Money Laundering
Commons · Question 19781 · Tabled 12 Dec 2024 · Ministry of Justice · Official record
Answered 19 Dec 2024
Question
Asked by Daisy Cooper
To ask the Secretary of State for Justice, whether she has received representations from the Solicitor Regulation Authority on the adequacy of the level of financial penalties for those solicitors found to be in breach of money laundering regulations.
Answer
Answered by Sarah Sackman, 19 Dec 2024
The legal profession in England and Wales operates independently of government. The responsibility for regulating the sector sits with the approved regulators, overseen by the Legal Services Board.The Solicitors Regulation Authority (SRA) is responsible f...