The Legal Sector Affinity Group has today published an advisory notice exploring the risks associated with the use of Chinese informal value transfer systems (IVTs) that do not use the normal banking system and/or have not complied with Chinese currency controls. The guidance aims to assist firms in situations where the firm is asked to undertake a transaction where the client’s money has come from China and addresses the key risks firms need to consider.
SRA Warning Notice: Law Firms Must Take a Responsible Approach to AI
Artificial intelligence is becoming an increasingly familiar part of legal practice, with firms using AI tools for tasks ranging from drafting and...
