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AML policies, controls and procedures: ask the right questions
The SRA has warned of the risks posed by “off-the-shelf” policies, controls and procedures (PCPs). Emma Williams sets out what questions to ask to get...
24 Nov 2023
Solicitor suspended for ‘inept’ failure to prevent fraud
Peter Rodd considers a case where a solicitor found themselves in the Solicitors Disciplinary Tribunal (SDT). Breaches of the SRA Principles were alleged, involving failing...
10 Nov 2023
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.
27 Oct 2023
‘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...
20 Oct 2023
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.
16 Oct 2023
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),...
13 Oct 2023
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.
21 Jul 2023
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.
03 Jul 2023
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.
21 Jun 2023
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...
27 Apr 2023
Is your firm at risk of proliferation financing?
Solicitors' anti-money laundering obligations are changing. Find out what steps you need to take to assess and mitigate proliferation financing risk.
28 Mar 2023
Over £300m denied to suspected criminals by suspicious activity reports
In 2021/22, over £300m was denied to suspected criminals by suspicious activity reports (SARs). Do you know how to report a client or third party? See...
25 Jan 2023
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