Attys Face Tighter AML Supervision As Overhaul Looms

Kathryn Westmore, of the Royal United Services Institute think tank, warned that this "doesn't mean that the SRA is suddenly going to be issuing multimillion-pound blockbuster fines." "But it is something that supervisors are in favour of because it gives them more flexibility, particularly in bigger cases to be able to apply a fine with a rigorous methodology behind it to what is proportionate, "Westmore, a senior research fellow at RUSI's Centre for Financial Crime and Security, said.