NEWS
News and information from the world of
regulatory compliance and risk management
SRA issues new guidance on third-party litigation funding: what firms need to know
The SRA has published new guidance on the use of third-party litigation funding (TPLF), reminding solicitors and law firms of their professional obligations when funding arrangements are used or when clients are introduced to external funders. Third-party litigation...
SRA Complaints Data Collection – Is Your Firm Ready?
Later this year, the Solicitors Regulation Authority (SRA) will begin collecting additional complaints handling data from law firms as part of its ongoing focus on improving consumer outcomes and increasing transparency. The SRA has confirmed that it intends to...
NCA’s New SARs Reporter Booklet – Practical Tips for Law Firms
The National Crime Agency (NCA) has published an updated SARs Reporter Booklet (June 2026). Whilst much of the guidance reinforces existing good practice, it contains a number of practical reminders that every MLRO and fee earner should keep in mind when deciding...
AML Regulations Updated from 30 June 2026 – Does Your Firm Need to Update its Policies?
The majority of the amendments introduced by the Money Laundering and Terrorist Financing (Amendment) Regulations 2026 came into force on 30 June 2026. The changes are not extensive, but regulated firms should review their anti-money laundering documentation to ensure...
AML Supervision Set to Move to the FCA – What Law Firms Need to Know
HM Treasury has now published its response to the consultation on transferring anti-money laundering (AML) supervision from the current professional body supervisors, including the SRA, to the Financial Conduct Authority (FCA). While legislation and implementation are...
New DUAA Complaints Handling Rules Are Now in Force – Has Your Firm Updated Its Documentation?
The Data (Use and Access) Act 2025 (DUAA) introduced a significant change to the UK's data protection framework which came into force on 19 June 2026. While much of the commentary around the DUAA has focused on lawful bases for processing, cookies and automated...