News
Latest on risk management, professional indemnity and compliance issues.
Filter:
- Anti-Money Laundering
- Compliance Issues
- Conflicts
- Cyber Security
- Data Protection
- Insurance
- Latest News
- Miscellaneous
- Professional Indemnity
- Regulation
- Uncategorized
-
December 5, 2023
Boodia & Anor v Slade (t/a Richard Slade And Company) [2023] EWHC 2963 (KB)
There was no requirement for a solicitor to obtain informed consent to a retainer which provided for rendering of interim statute bills. Permission to appeal was granted on whether the consequent restriction on the client’s ability to challenge such a bill contravened the Unfair Terms in Consumer Contracts Regulations 1999 (“the UTCC regs”) and the Consumer Protection from Unfair Trading Regulations 2008, the allegation being that the solicitors ought to have spelt out the consequences in respect of the loss or reduction of rights to obtain a statutory assessment of the bills under s.70 of the Solicitors Act 1974.
See here.
-
December 5, 2023
The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No. 2) Regulations 2023, in force from 5 December 2023
The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No.2) Regulations 2023, in force from 5 December 2023, substitute the list of high-risk third countries specified in Schedule 3ZA of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 adding Bulgaria, Cameroon, Croatia, Nigeria, South Africa and Vietnam and removing Albania, Cayman Islands, Jordan and Panama to reflect changes in FATF lists.
See here.
-
December 1, 2023
Addendum to the LSAG Guidance (December 2023)
See here.
-
November 27, 2023
The Law Society – The challenges regulating in-house lawyers
Article by Frank Maher outlining the regulatory challenges for in-house lawyers and highlighting some of the risks.
See here.
-
November 27, 2023
Misuse of Citizenship and Residency by Investment Programmes – A Joint FATF/OECD Report
The report includes numerous case studies.
See here.
-
November 21, 2023
SRA – Risk Outlook report: The use of artificial intelligence in the legal market
See here.
-
November 20, 2023
The Financial Action Task Force (FATF) has released amendments to the FATF Recommendations
See here.
-
November 17, 2023
Ownership and Control: Public Officials and Control guidance – GOV.UK
See here.
-
November 17, 2023
Prominent public functions at national level, at the level of International Organisations and at the level of the European Union Institutions and Bodies
See here.
-
November 16, 2023
A Boundless Threat? The Rise of Organised Crime in the UK – Royal United Services Institute article
See here.
