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Merricks Solicitors Penalized After AML Failures Expose Gaps in Compliance Systems
Merricks Solicitors Limited has reached a regulatory settlement with the Solicitors Regulation Authority following an investigation that revealed substantial weaknesses in its defenses against financial crime. The agreement arises from the firm’s failure to maintain critical records required under national anti-money laundering regulations, a lapse that ultimately led to disciplinary action. By accepting the outcome and agreeing to pay the costs associated with the investigat
5 hours ago6 min read
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