Independent Schools are obligated under the Proceeds of Crime Act 2002 to flag suspicious situations and disclose any information relevant to money laundering offences or investigations.
With growing pressure on school foundations to be clear on where their money is coming from, they must be aware of the financial checks in place and what to do about them.
Read all about it and what to do about it here.
As part of the Queen’s Speech in May 2022, a second economic crime bill was announced for the 2022-23 parliamentary session, with the aim of driving dirty money out of the UK and strengthening the country’s reputation as a legitimate and open location for businesses to thrive.
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Armalytix now stands as the driving force behind legal firms responsible for 1 in 8 residential property transactions conducted in England and Wales. In just two years since its market introduction, Armalytix’s technology has rapidly evolved into the foremost provider for legal firms engaged in property transactions.
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