The Law Society of Scotland’s annual anti-money laundering (AML) supervisory report highlights the range of AML initiatives undertaken between April 2023 and April 2024.

Amiqus discusses the UK’s new sanctions enforcement regime, which gives the Office of Trade Sanctions Implementation (OTSI) the power to issue significant penalties. It highlights the need for businesses to prioritise sanctions screening and comprehensive risk management, including PEPs and adverse media checks, to ensure compliance and avoid fines.