News

Latest on risk management, professional indemnity and compliance issues.

December 1, 2020

Office of Financial Sanctions Implementation: Get ready for the end of the transition period – OFSI

See here.
November 27, 2020

Beckwith v Solicitors Regulation Authority [2020] EWHC 3231 (Admin)

Successful appeal against a decision of the Solicitors Disciplinary Tribunal, which helps delineate the boundaries of the SRA Principles relating to integrity and public trust.

See here.
November 25, 2020

SRA report on Anti-Money Laundering Visits 2019-2020

(published 25 November 2020)

See here.
November 23, 2020

SRA Risk Outlook 2020/21

(Published 23 November 2020)

See here.
November 17, 2020

Draft Standard Contractual Clauses for the transfer of personal data to third countries

The European Commission has published a draft implementing decision on Standard Contractual Clauses for the transfer of personal data to third countries pursuant to the GDPR, along with its draft set of new SCCs (see Annex).

See here.
November 16, 2020

European Data Protection Board – public consultation on measures to supplement transfer tools for international data transfers following the Schrems II decision

The Information Commissioner’s Offices has announced that it is reviewing the draft recommendations and also reviewing the European Commission’s new GDPR Standard Contractual Clauses.

See here.
November 12, 2020

SRA updates Guidance on consumer credit

See here.
November 12, 2020

SRA updates Warning Notice on use of NDAs

See here.
November 11, 2020

SRA Tax adviser guidance

If the change in definition to tax advisers that came into force on 10 January 2020 brought your firm into scope of the Money Laundering Regulations, you must tell the SRA before 10 January 2021.

See guidance here.
November 9, 2020

National Crime Agency- updated Suspicious Activity Report (SAR) Glossary Codes

See here.