NCA vs Law Society vs Money Laundering – Veriphy Home

NCA vs Law Society vs Money Laundering

Award Winning – Leading Provider of AML Checks
July 10, 2018

The NCA has reported that there has been a 10% drop in the number of suspicious activity reports.

Commenting on the reduction, Donald Toon, director of economic and cybercrime at the NCA said, ‘In light of falling reports, there were significant doubts over whether the legal profession took its obligations seriously.’

The law society fought back decrying the ‘loaded’ language being used by the NCA, taking particular offence at the term ‘professional enablers.’

A senior lawyer also pointed out that these kinds of reports and statements usually happen when a government department was being scrutinised by the treasury.

In all of this a vital piece of logic is missing. Could it, perhaps, be that there is less suspicious activity to report as criminals know how difficult it is becoming to hoodwink lawyers and accountants thanks to their efforts?

Sign up to Veriphy for free to look through our Award-Winning services

No Subscription. No Minimum Use. No Support Charges.

Sign Up for Award Winning AML Checks
  • Mark Davis
    Love it – very happy client as well as we can now speed up the process by 4 days for him.
    Mark Davis
    XL Financial Services Ltd
  • Jon Booth
    The system was extremely easy to set up and we were up and running with it very quickly… It made a refreshing change to be in that position so quickly.
    Jon Booth
    Booth & Co
  • Ross Findlater
    This is very user friendly – brilliant! I wish I’d discovered this at the start of trading.
    Ross Findlater
    Business Tax Solutions Ltd
  • Richard Nevill
    Very clear & simple. Used it, without reading the manual of course, just to give it a try. Excellent service.
    Richard Nevill
    Nevill Stormont & Co
  • Donald Inglis
    I have just used Veriphy for the first time. It is excellent – so much easier than chasing old passports and utility bills that are sent by email.
    Donald Inglis
    Inglis Chartered Accountants
Join / Log In