SRA AML Annual Report 2024-25 - Facts, Figures & Findings!

Introduction

The SRA AML Annual Report 24-25 has been released!

In a year where we have seen so many law firms fined for AML failings this report makes for some interesting reading.

What do the figures look like?

• The SRA carried out 935 proactive AML engagements with firms during the reporting period - big increase from the 545 carried out in the previous reporting period
• There was a total of 151 enforcement and SDT outcomes
• £953,333 was the total number of fines agreed through RSA’s and adjudication
• The most shocking figure - almost one third of the firms engaged with in this reporting period were non-compliant!

This session will look at the facts, figures and findings from the report and ways in which we can improve. Suitable for MLROs, MLCOs, Deputy MLROs, Compliance Team members and anyone else in your firm seeking to improve their knowledge in AML. This session will help you understand the report, identify areas of weakness, and take action to ensure your firm stays on the right side of compliance.

What You Will Learn

This live & interactive session will cover the following:

• A brief introduction to the annual report
• Facts, figures and findings:
• How many law firms were reviewed
• How many law firms were fully compliant
• What are the key areas of non-compliance?
• Where can we improve?
• What the SRA expect to see next year
• Summary

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.