AML findings against Mishcon de Reya are a sign of the times

The findings published by the Solicitors Regulation Authority (SRA) in relation to the agreement reached with leading law firm, Mishcon de Reya, on 20 December 2021 were widely covered in the media on 6 January. Not a great start to the year for any reputable professional services business, says Alex Ktorides, head of Risk Management and Ethics at law firm Ince. Law firms continue to struggle to bridge the gap between commerciality (offering services their clients are asking for) and meeting compliance standards. These standards are not only increasingly high, but notably they are al...