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Should conveyancers join forces to handle AML compliance?
Owner operator property professionals bracing for tranche 2 Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) reforms are facing a mountain of additional compliance. It’s prompted some analysts to raise questions about the benefits of clubbing together to form reporting groups. Is the best strategy to manage these incoming compliance – or is going it alone a safer bet. That’s a question Richard Lee, a partner at risk consultants KordaMentha raised recently, highlighting that a reporting group structure could be beneficial. Though it is not without serious risk. “F
