News
Latest on risk management, professional indemnity and compliance issues.
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September 26, 2023
SRA – Proceeds of crime – Guidance (Updated 25 September 2023)
See here.
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September 26, 2023
SRA – Supporting your client with interviews during external investigations
See here.
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September 22, 2023
Law Society guidance on Professional Enablers
See here.
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September 22, 2023
The Data Protection (Adequacy) (United States of America) Regulations 2023
These Regulations specify the United States of America as a country which provides an adequate level of protection of personal data for certain transfers for the purposes of Part 2 of the Data Protection Act 2018 and the UK GDPR.
See here.
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September 21, 2023
Updated SRA guidance on Firmwide Risk Assessments
This now covers proliferation financing. There is also a link to an updated template which contains several changes from the original version and more detail.
See here.
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September 14, 2023
Professional Indemnity Insurance report commissioned by the SRA and LSB
See here.
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September 6, 2023
Suspicious Activity Reports – National Crime Agency – New SAR portal announced
A new SAR portal will be operational from 18 September 2023. Links are provided to two user guides, two video guides and a FAQs document.
See here.
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August 31, 2023
Royal and Sun Alliance Insurance Ltd & Ors v Tughans [2023] EWCA Civ 999 (31 August 2023)
Significant Court of Appeal decision on what constitutes ‘loss’ under a professional indemnity policy in the context of a claim for liabilities which includes the firm’s fees.
See here.
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August 16, 2023
SRA AML Questions and answers
The SRA has updated its Anti-money laundering Q&A to include a further question on sanctions checking on counterparties.
See here.
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August 16, 2023
Legal Services Board paper: Financial Protection Arrangements for Consumers
See here.