News

European authorities are investigating whether Visa has the necessary anti-money laundering controls in place to effectively scrutinize the near real-time payments that its financial technology, or fintech, clients purport to offer their customers, the Times reported. More The U.K. Solicitors Regulation Authority for the past two years has investigated alleged AML failures at law firm Mishcon de Reya, the Guardian reported. More The industry regulator separately fined Taylor Vinters almost £20,000 for failing to conduct adequate due diligence on overseas clients who paid millions of pounds into the law firm's client account to buy properties in London, Legal Futures reported....