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Latest on risk management, professional indemnity and compliance issues.
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April 2, 2020
SRA updated Q&A – coronavirus compliance issues
See here.
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April 1, 2020
Wm Morrison Supermarkets plc v Various Claimants [2020] UKSC 12
Supreme Court allowed an appeal by Wm Morrison Supermarkets, holding that they were not viacriously liable for a data breach committed by a rogue employee. See here.
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March 31, 2020
OFSI imposed £20.4 million penalties on Standard Chartered Bank
The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, has imposed two monetary penalties totalling £20.4 million on Standard Chartered Bank for breaching financial sanctions by making loans to what was considered to be a subsidiary of a Russian bank in breach of The Ukraine (European Union Financial Sanctions) (No.3) Regulations 2014. See here.
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March 27, 2020
FATF Guidance on Digital Identity
Links to the full report and a brief summary (March 2020)
See here.
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March 27, 2020
Addlesee & Ors v Dentons Europe LLP [2020] EWHC 238 (Ch)
Application of the crime fraud exception to legal professional privilege
See here.
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March 24, 2020
SRA coronavirus update
SRA have published a coronavirus update, see here.
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March 20, 2020
OPBAS publishes report on progress and themes from 2019
The FCA’s Office for Professional Body Anti-Money Laundering Supervision (OPBAS) published a report on 19 March 2020 on progress by professional body supervisors in the legal and accountancy sector. The report recommends more enforcement action.
See here.
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March 18, 2020
ACC & Ors ( property and affairs deputy ; recovering assets costs for legal proceedings) [2020] EWCOP 9
Own interest conflicts – Court of Protection appointed Deputies. The issues which arise on Deputies instructing their own firms on behalf of patients are addressed in paragraphs 39-42 and 56.
See here.
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March 12, 2020
Dawson-Damer v Taylor Wessing LLP [2020] EWCA Civ 352
Successful appeals on two points under the Data Protection Act 1998, holding on the facts that solicitors’ files were not a ‘relevant filing system’ and that legal professional privilege did not apply.
See here.
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March 9, 2020
SRA guidance and warnings on Money Laundering
See here.
