NEWS
News and information from the world of
regulatory compliance and risk management
SRA Expands Effective Supervision Guidance Following Mazur Decision
The SRA has published substantially revised guidance on effective supervision following the Court of Appeal's decision in Mazur v Others. The updated guidance provides greater clarity on the supervision of non-authorised staff carrying out litigation-related work and...
What do the amended MLRs mean for you?
The draft statutory instrument amending the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017) was debated in the Commons on 3 June and passed. This means that the majority of changes are expected to come...
UK Government Sharpens Sanctions Enforcement: What Solicitors Need to Know
The Government has today published its long-awaited cross-government review of sanctions implementation and enforcement, setting out a clearer and more assertive approach to sanctions compliance and enforcement across the economy. The review signals a significant...
When Can a Solicitor Terminate a Retainer? New SRA Guidance Explained
The SRA has published new guidance on terminating a retainer, providing welcome clarification on when it is appropriate to stop acting for a client and how this should be managed. The guidance is particularly important because the termination of a retainer is not...
SRA Annual AML and Sanctions Data Collection Exercise: Are You Ready?
The SRA has confirmed that its annual AML and sanctions data collection exercise will open on 29 June. Firms are required to submit their returns by mid-August. Completion of the exercise is a regulatory requirement and firms that fail to respond may face regulatory...
New HMRC rules on registering as a tax adviser
From 18 May 2026 the HMRC's digital tax adviser registration system is live. This means firms need to provide evidence to HMRC that they are supervised for anti-money laundering. The Finance Act 2026 introduced the new obligation for some solicitors including most...