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Sanctions compliance at British law firms remains woefully inadequate, with few companies willing to update client verification lists or upgrade aging software systems, say U.K. analysts and lawyers. Many law firms are unwilling to "drop a penny" to keep up with multiple economic sanctions lists maintained by the United Nations, United Kingdom, United States and European Union, according to Christopher Giles, managing director of London-based Legal RM, a risk management firm. And in Legal RM risk audits of two of the largest law firms in the U.K., company client rolls included dozens of alleged terrorists, money launderers, drug traffickers and...