News and articles

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Economic Crime and Corporate Transparency Act gains royal assent

The Economic Crime and Corporate Transparency Act has become law, meaning solicitors can continue to support the fight against illicit finance.

‘Off-the-shelf’ AML policies put firms and clients at risk

The SRA’s 2022/23 anti-money laundering (AML) report warns of the risks posed by common AML issues. Find out what steps you can take to comply...

HM Treasury review of the AML and CTF supervisory regime – Law Society response

HM Treasury is consulting on four models for reforming the UK's anti-money laundering (AML) supervisory regime. Find out what this means for solicitors and firms.

Anti-Money Laundering regime must ensure legal sector expertise is retained

The Law Society of England and Wales has today (13 October) responded to the Treasury’s consultation on Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF),...

How legal professionals can achieve powerful results with professional investigators

Law Society partner ABI explores the growing trend of lawyers working with professional investigators, highlighting the benefits, challenges and ethical considerations involved.

PEPs, CDD and POCA: answering your questions

Our Practice Advice Service answers your anti-money laundering questions on politically exposed persons (PEPs), customer due diligence (CDD) and the Proceeds of Crime Act 2002...

Parliamentary briefing: Russia (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2023

We're briefing parliamentarians about concerns with the Russia (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2023.

How digital property transactions are transforming the legal industry

Although change isn't easy, Law Society partner Thirdfort shares what benefits digital property transactions bring, following HMLR's plans to make the process paperless in the...

Reform of the UK’s AML and CTF supervision regime

HM Treasury is consulting on reforms to the UK’s anti-money laundering (AML) and counter-terrorist financing (CTF) supervision regime.

Audit trail: preparing for an AML visit

Carly Fallon shares tips on how to prepare for an anti-money laundering (AML) audit by the Solicitors Regulation Authority (SRA).

SRA proposed budget increase could impact firms

The Solicitors Regulation Authority’s 2023-2024 business plan proposes a 12% budget increase, which could impact firms are already facing inflationary pressures.

Risky business: firm received record fine for anti-money laundering failings

Amy Bell considers a real case where a firm received the largest ever fine by the SRA for lacking sufficient anti-money laundering (AML) controls, including...

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