SRA publishes their Risk Outlook 2017/2018
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SRA publishes their Risk Outlook 2017/2018
The SRA Risk Outlook 2017/18 addresses concerns about increased cyber-attacks on law firms including email modification, dubious investment schemes – a new priority risk this year, banking facilities contrary to rule 14.5 of the SRA Accounts Rules 2017. The number of anti money laundering-related matters reported to the SRA remained static at around 175, with one third relating to conveyancing; the level of Suspicious Activity Reports from the legal sector has increased for the first time in seven years.
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