UK Publishes Anti-Money Laundering Risk Assessment

The U.K.'s Solicitors Regulation Authority on July 24 released a sectoral risk assessment covering anti-money laundering and terrorist financing, according to the EU Sanctions blog. The document covers sanctions risk factors and says that companies must conduct an assessment of their proliferation financing risk exposure, the blog noted. The SRA added that firms "may be of a greater risk where they have exposure to countries" that are subject to U.N. sanctions; are suspected of using or seeking to acquire nuclear, chemical, biological or radiological weapons; or share a "porous border with such countries." The document also covers observations from the agency's supervision work, higher-risk jurisdictions, external support, risks in the legal sector and risk factors.