UK legal sector shouldn't face overlapping money laundering rules, body says
( November 10, 2026, 17:36 GMT | Official Statement) -- MLex Summary: UK law firms should not be subjected to overlapping anti-money laundering regulations when the financial regulator takes over supervision of them for financial crime purposes, the independent professional body representing lawyers in England and Wales has said. New legislation must not result in over-regulation and should consider how legal services work in practice, Brett Dixon, the president of the Law Society of England and Wales, said in a statement. The Financial Conduct Authority is due to take responsibility for AML regulation of the legal sector in 2028.Statement follows....
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