by Yasmin Robinson | Oct 31, 2022 | News
Earlier this year the Legal Ombudsman (LeO) undertook a review of its Scheme Rules to identify opportunities to improve the customer experience by enhancing operational efficiency, removing historic obstacles to resolving cases both quickly and with minimum formality,... 
by Yasmin Robinson | Oct 28, 2022 | News
A Yorkshire firm has agreed to pay a £2,000 fine after accepting that it failed to meet the Solicitors Regulation Authority’s requirements for combatting money laundering. The regulator said Pinkney Grunwells, based in Scarborough, had been ‘reckless’ by failing... 
by Yasmin Robinson | Oct 28, 2022 | News
The SRA has this week published its second annual professional supervisor report (as required by the Money Laundering Regulations and guidance by the Office for Professional Body Anti-money laundering Supervision (OPBAS) and HM Treasury). It sets out the... 
by Yasmin Robinson | Sep 22, 2022 | News
New legislation to clamp down on money laundering could give the SRA unlimited powers to fine firms involved in facilitating economic crime. The Economic Crime and Corporate Transparency Bill includes a measure to remove any limit on the fine that can be issued by the... 
by Yasmin Robinson | Sep 12, 2022 | News
All firms doing work within the scope of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 must have a practice wide (also referred to as firm wide) risk assessment (PWRA) in place. You may have seen reports...
