Law Society hit back over plans to increase scrutiny on pooled client accounts
The Law Society of England and Wales has hit back at proposals to place “substantial new burdens on legal practitioners’ over plans to require firms to conduct greater due diligence on pooled client accounts as part of draft amendments to Money Laundering, Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025 (MLRs) Statutory Instrument (SI). Responding […]