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Globalaw and the Press

Law firms are having to become more compliant on a range of issues globally, says Michael Hatchwell of Globalaw.

Compliance is here to stay and given that lawyers facilitate billions of pounds of transactions annually and can in many jurisdictions operate client accounts, there is ample scope for lawyers wittingly or unwittingly to become engaged in practices that facilitate the commission of crimes or money laundering. Safeguards in the UK have been in place to protect client funds for many years.

Read full article here.