The new National Risk Assessment (NRA) guidance highlights that the legal sector remains a prime target for criminal activities.
According to the latest updates to the UK national risk assessments, published by HM Treasury and the Home Office, the legal sector is under increased threats due to geopolitical conflict, emerging technologies, and weak business defenses.
The updated NRA is based on regulatory data, intelligence reports, and industry feedback, reflecting five years of knowledge and experience.
The legal sector remains an attractive target for criminals.
This assessment is particularly relevant to firms involved in property transactions, company formations, trusts, and international clients.
Author's summary: New NRA guidance highlights legal sector's vulnerability.