by Yasmin Robinson | Jan 18, 2023 | News
The Solicitors Regulation Authority has fined a firm a record £20,000 for failing to have anti-money laundering training and systems in place. The penalty is the largest the regulator has handed out since it increased its fining powers from £2,000 to £25,000 last... 
by Yasmin Robinson | Jan 6, 2023 | News
Two firms have been fined for failing anti-money laundering (AML) inspections when the Solicitors Regulation Authority discovered neither had a compliant risk assessment and ‘therefore failed to have sufficient regard for the SRA’s warning notice’. Hallam Solicitors,... 
by Yasmin Robinson | Oct 28, 2022 | News
A Yorkshire firm has agreed to pay a £2,000 fine after accepting that it failed to meet the Solicitors Regulation Authority’s requirements for combatting money laundering. The regulator said Pinkney Grunwells, based in Scarborough, had been ‘reckless’ by failing... 
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...
