Susan Humble reflects on the AML oversight and regulation regime

“Take nothing on looks; take everything on evidence. There's no better rule”, says lawyer Mr Jaggers to Pip, in Great Expectations. The perfect motto for the Office for Professional Body Anti-Money Laundering Supervision, OPBAS, which has a strictly evidence-based approach to AML supervision. In shortened version: 'show us the colour of your money'. That approach informs how the Solicitors Regulation Authority (SRA) supervises and investigates the ways in which authorised law firms comply with their AML responsibilities. Never heard of OPBAS? Then read on.

What is OBPAS?

OPBAS is housed within the Financial Conduct Authority. It was established by government in 2018 to supervise the 25...

Susan Humble
RIAA Barker Gillette

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