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NEWS

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

Enforcement work around transparency rules continues

Enforcement work around transparency rules continues

The transparency rules were introduced in December 2018 to help consumers make properly-informed decisions about the services available to them. The vast majority felt solicitor firms were unaffordable and therefore going elsewhere for help dealing with a legal...

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Covid heightens risks faced by law firms

Covid heightens risks faced by law firms

The ongoing implications of Covid-19 mean law firms must be more vigilant then ever in how they plan for - and protect against - key risks currently facing the legal sector. This warning comes as the SRA issues its latest edition of the annual Risk Outlook. The...

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SRA issues Risk Outlook 2020/2021

SRA issues Risk Outlook 2020/2021

The SRA has issued its Risk Outlook for 2020/21. The Outlook sets out the regulator's view on the key risks and challenges currently facing the profession with a view to helping solicitors take steps to protect both their firms and their clients. SRA Chief Executive...

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AML – Updated list of high risk third countries

AML – Updated list of high risk third countries

Under the Money Laundering Regulations firms are required to apply enhanced due diligence on clients and transactions from countries identified by the European Commission as having a high risk of money laundering (“EU Commission High Risk Third Country List”). From...

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