by Yasmin Robinson | Jul 7, 2022 | News
HM Treasury has published a new statutory instrument coming into force on 11th July 2022 which will substitute the list of high risk third countries specified in Schedule 3ZA of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer)... 
by Yasmin Robinson | Jul 6, 2022 | News
The Legal Services Affinity Group (LSAG) is made up of both regulatory and representative bodies for legal services in the UK. It has produced guidance on the anti-money laundering (AML) regulations, which for firms supervised by the SRA for AML now constitutes... 
by Yasmin Robinson | Jun 29, 2022 | News
Under measures introduced today, the Solicitors Regulation Authority has been given new powers to fine solicitors up to £25,000 for rule breaks. The changes mean the SRA can now fine law firms and individual solicitors for a broader range of offences – from... 
by Yasmin Robinson | Jun 27, 2022 | News
The SRA has continued its clampdown on firms not complying with anti-money laundering regulations by fining a Midlands practice. Clarkes Law LLP, based in Telford, reached a settlement with the regulator that it would pay a £2,000 fine and £1,350 costs after a number... 
by Yasmin Robinson | Apr 12, 2022 | News
The Economic Crime (Transparency and Enforcement) Act 2022 (ECTE) was passed on 15 March 2022. This legislation is designed to prevent foreign owners from laundering their money through UK property by establishing a new register of overseas entities that records...
