SRA issues first fixed penalty notices

SRA issues first fixed penalty notices

The SRA has published details of the first fixed penalties issued since introducing the new fixed financial penalty regime. The £750 fines published today are in relation to three firms for not complying with the SRA’s transparency rules. Breaches included:...
National firm fined over £100,000 by Solicitors Regulation Authority

New power for SRA in ‘failure to prevent’ offence

A new offence of failure to prevent fraud will be created by an amendment to the Economic Crime and Corporate Transparency Bill tabled by the government today. Under the measure, an organisation where a fraud has been committed must be able to demonstrate that it had...