Environmental risks (Mar21)

Environmental risks have already hit major law firms themselves with, for example, flooding of offices, and firms in some parts...

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Anti-Money Laundering (AML) (Mar21)

Firms will need to review their Practice Wide Risk Assessments following publication of the draft Legal Sector Affinity Group (LSAG)...

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Anti-Money Laundering (AML) and Financial Sanctions (Jan21)

Firms which fall within the changed, wider definition to ‘tax advisers’ need to notify the Solicitors Regulation Authority (SRA) before...

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Anti-Money Laundering (AML) (Nov20)

We are continuing to audit some of the largest UK and US law firms (remotely due to pandemic restrictions) under...

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Anti-money laundering (AML) Sep20

Coronavirus has not prevented the Solicitors Regulation Authority (SRA) from continuing its    review of law firms, in a number of...

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Anti Money Laundering (AML) (Jul 2020)

The SRA Draft Business Plan and Budget, November 2020 to October 2021 proposes a 20 per cent increase on spending...

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Anti Money Laundering (May 2020)

With the continuing attention dedicated to large firms’ AML compliance (including regulatory action) by the SRA, itself under supervision by...

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Anti money Laundering (AML) (Risk Update March 2020)

The Solicitors Regulation Authority (SRA) is pressing larger firms on the issue of independent audit under regulation 21 of The...

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Anti-Money Laundering (AML) (Jan20)

We have advised many firms who were concerned about the adequacy of their risk assessments required by regulation 18 of...

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Anti-money laundering (AML) and financial crime (Jan18)

Firms conducting business in the regulated sector under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the...

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Anti-money laundering (AML) (Mar18)

The anti-money laundering (AML) guidance produced by the legal sector AML supervisors, including the Law Society, has now received the...

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Anti-Money Laundering – Westminster’s new mood (May18)

It may be the poisoning of the Skripals (coming on top of the Litvinenko case and other suspicious deaths), or...

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Anti-money laundering (AML) (Jul18)

The first anniversary of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 passed...

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AML (Sep18)

An article in The Sunday Times (September 9, 2018) noted that “A key part of the government’s response to the...

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Anti-money laundering (Dec18)

Regulation 41 of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 imposes requirements,...

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Anti Money Laundering (Jan 19)

While the widely-reported Mutual Evaluation Report of the UK by the Financial Action Task Force (FATF) was complimentary about the...

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Anti-Money Laundering: The crackdown

It is now 30 years since the Financial Action Task Force (FATF) was established in Paris to combat money laundering. ...

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“There will be many, many more prosecutions in relation to AML”

These were the concluding words of Paul Philip, Chief Executive of the Solicitors Regulation Authority (SRA) in his opening speech...

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Anti-Money Laundering (AML) July 19

We commented in our May 2019 Risk Update on the thematic review by the Solicitors Regulation Authority (SRA), 26 of...

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Anti Money Laundering

We have already predicted further regulatory action (Risk Update, September 2018), with the Solicitors Regulation Authority (SRA) under scrutiny from...

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Cyber

The Association of British Insurers has reported that 99% of claims made (207) on ABI-member cyber insurance policies in 2018...

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