by Yasmin Robinson | Jun 23, 2021 | News
The Solicitors Regulation Authority has started its promised enforcement action against firms that put off fulfilling their anti-money laundering obligations. The regulator today published details of fines issued to three firms which took more than a year to comply... 
by Yasmin Robinson | Apr 9, 2021 | News
The SRA is again reporting a number of cases of vendor fraud in conveyancing transactions. If you carry out property conveyancing work on behalf of sellers or buyers, you might be at risk of being involved in this type of scam.The fraud involves properties, usually... 
by Yasmin Robinson | Apr 7, 2021 | News
The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (MLRs 2019) require the UK regulated sector to apply enhanced customer due diligence in relation to high-risk countries. MLRs 2019 Regulation 33 (1) (b) requires regulated businesses (“relevant... 
by Yasmin Robinson | Feb 3, 2021 | News
Law firms are being urged to check that they are up-to-date with all the latest developments and legislation regarding money laundering by reading two new pieces of national sector-wide guidance issued on the subject. Following on from the regular national... 
by Yasmin Robinson | Jan 21, 2021 | News
Three more firms have been disciplined for breaches of the transparency rules as the SRA continues to clamp down on non-compliance. This brings the total of firms who have been sanctioned to ten, since the start of the year. The rules are designed to help people find...
