by Yasmin Robinson | Jan 18, 2023 | News
The Solicitors Regulation Authority has fined a firm a record £20,000 for failing to have anti-money laundering training and systems in place. The penalty is the largest the regulator has handed out since it increased its fining powers from £2,000 to £25,000 last... 
by Yasmin Robinson | Jan 6, 2023 | News
Two firms have been fined for failing anti-money laundering (AML) inspections when the Solicitors Regulation Authority discovered neither had a compliant risk assessment and ‘therefore failed to have sufficient regard for the SRA’s warning notice’. Hallam Solicitors,... 
by Yasmin Robinson | Dec 21, 2022 | News
Firms still unable – or refusing – to comply with transparency rules face tougher disciplinary action, the Solicitors Regulation Authority has indicated. The regulator is in the middle of a sweep of around 2,500 firms to check if they are providing the price and... 
by Yasmin Robinson | Nov 28, 2022 | News
The SRA has today issued guidance on the financial sanctions regime and explained how it expects firms to address compliance with the fast-changing rules. The guidance places significant expectations on all firms, even those whose work falls outside the regulated... 
by Yasmin Robinson | Nov 14, 2022 | News
HM Treasury has published a new statutory instrument coming into force tomorrow (15th November 2022). This substitutes the list of high risk third countries specified in schedule 3ZA of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on...
