by Yasmin Robinson | Oct 22, 2021 | News
A new clause making it clear what cover will be provided for cyber losses will be added to the minimum terms and conditions of law firms’ professional indemnity insurance (PII) policies. The SRA has drawn up the addition working closely with both the legal profession... 
by Yasmin Robinson | Oct 14, 2021 | News
Regulators went to an average of seven law firms a month in the past year following up concerns about a lack of anti-money laundering policies. In its first report as a professional supervisor, the Solicitors Regulation Authority said it made a total of 85 visits... 
by Yasmin Robinson | Aug 5, 2021 | News
The SRA has this week updated its guidance on the Transparency Rules. This now includes factors to consider if you are using an online quote calculator for conveyancing matters. The SRA have also emphasised that they will continue to tackle non-compliance with the... 
by Yasmin Robinson | Jul 23, 2021 | News
Under the UK’s Money Laundering Regulations (regulation 33(1)(b)), enhanced due diligence (EDD) is mandated for any business relationship with a person established in a high-risk third country. Until the end of the Brexit transition period, the list of high-risk... 
by Yasmin Robinson | Jul 7, 2021 | News
A fresh batch of fines has been issued by the Solicitors Regulation Authority to firms failing to meet anti-money laundering requirements. The five practices sanctioned include alternative business structure Crawford & Company Legal Services Limited, owned by the...
