Why Law Firms Are Falling Foul of the Law

Author: Bobby Hussain | ICA Insight, 3 November 2025

This article examines the systemic compliance failures across UK law firms, particularly in relation to the Money Laundering Regulations 2017. It highlights enforcement actions by the Solicitors Regulation Authority (SRA) and identifies recurring issues such as missing firm-wide risk assessments, inadequate enhanced due diligence, and poor documentation of source of funds. Drawing on real case studies, the piece argues that many firms have failed to embed AML obligations into their operational culture—and calls for a strategic shift toward proactive governance, risk ownership, and regulatory literacy.

Link: Read the full article on ICA Insight.

https://www.int-comp.org/insight/why-law-firms-are-falling-foul-of-the-law/