01788 561 661 [email protected]

NEWS

News and information from the world of
regulatory compliance and risk management

Back

Further expansion of AML regime is key part of SRA 21-22 business plan
26 October 2021

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 and SQE2
  • supporting the adoption of technology and innovation in the legal sector including by building new partnerships in the lawtech arena
  • further increasing proactive monitoring and regulating of anti-money laundering arrangements within the profession
  • further developing focus and presence in Wales
  • delivering a range of horizon scanning and research initiatives, including into factors underpinning the attainment gap in professional assessments and over representation of black and ethnic minority solicitors within enforcement processes.

The plan pledges a review of the SRA’s rolling programme of Anti-Money Laundering visits to firms and states that this will be expanded further in the coming year. Amongst other initiatives, this will include thematic visits on the role of the MLRO.

The Business Plan 2021-22, covers the period November 2021 to October 2022.

read more articles