by Yasmin Robinson | Nov 27, 2023 | News
National firm Ashfords LLP has been fined more than £100,000 by the Solicitors Regulation Authority for money laundering compliance failures reported by the firm itself. The fine, the fourth largest imposed by the SRA, was agreed despite the regulator stating that... 
by Yasmin Robinson | Oct 19, 2023 | News
The SRA is likely to extend automatic fixed penalties to breaches of money-laundering regulations as it continues to come across routine non-compliance in the legal sector. The fixed fines regime already apply to failures to co-operate with document requests or not... 
by Yasmin Robinson | Mar 29, 2023 | News
The Legal Sector Affinity Group (LSAG) has updated its anti-money laundering guidance for regulated firms. This guidance has been approved by HM Treasury. There is now further guidance in a number of areas. Of particular note is the requirement for firms to carry out... 
by Yasmin Robinson | Dec 21, 2022 | News
Firms still unable – or refusing – to comply with transparency rules face tougher disciplinary action, the Solicitors Regulation Authority has indicated. The regulator is in the middle of a sweep of around 2,500 firms to check if they are providing the price and... 
by Yasmin Robinson | Mar 11, 2022 | News
Personal data breaches from the ICO’s caseload during 2020/2021 have seen a steady increase in the number and severity caused by ransomware. This is a type of malicious software or “malware” designed to block access to computer systems, and the data held within them,...
