FCA to Police Lawyers in Major Money Laundering Crackdown
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UK law firms are preparing for a strict new anti-money laundering regulator. The Financial Conduct Authority (FCA) will soon oversee the legal sector.
Experts predict the FCA will bring "sharper" penalties and could reshape the industry. The change is part of a government effort to improve the UK's reputation on financial crime.
The move comes ahead of a new review of the country's financial crime rules.