by Yasmin Robinson | Nov 23, 2021 | News
The SRA has today published its annual Risk Outlook for 2021/2022. The report looks at what defines the ‘new normal: the shape of the legal market as it emerges from Covid-19 and gives the regulator’s view of the key changes, threats, opportunities and... 
by Yasmin Robinson | Nov 23, 2021 | News
An SRA report into law firms’ AML governance published this week identifies authority, independence and resources as the key pillars of a successful AML regime with the third identified as the biggest challenge for firms. Between April and September this year, the SRA... 
by Yasmin Robinson | Nov 19, 2021 | News
The Solicitors Regulation Authority has proposed a major hike in its fining powers and a new fast-track system for ‘fixed penalties’ for low-level offences. The regulator today opened a consultation on taking the maximum fine it can issue to law firms from £2,000 to... 
by Yasmin Robinson | Nov 2, 2021 | News
HM Treasury have published new legislation following the recent FATF decision to add Turkey, Mali and Jordan to the list of high risk third countries. Under the UK’s Money Laundering Regulations (regulation 33(1)(b)), enhanced due diligence (EDD) is mandated for any... 
by Yasmin Robinson | Oct 26, 2021 | News
The SRA has today published its 2021-22 business plan, outlining its key areas of work for the coming year. Key areas of work highlighted in the plan include: delivering the new Solicitors Qualifying Examination, including the first assessment sittings of both SQE1...
