by Yasmin Robinson | Oct 19, 2023 | News
The SRA issued a warning notice yesterday on the importance of using client/ matter risk assessments (see: https://www.sra.org.uk/solicitors/guidance/client-and-matter-risk-assessments/). The warning notice includes a link to a template that the SRA have devised,... 
by Yasmin Robinson | Jun 29, 2023 | News
The SRA has today issued guidance to help solicitors understand how to prevent financial crime, the UK’s proceeds of crime regime, and the regulator’s expectations for how solicitors comply with it. To read the guidance, please visit: SRA | Proceeds of... 
by Yasmin Robinson | Jun 26, 2023 | News
HM Treasury has published a new statutory instrument coming into force tomorrow (27th June 2023). This substitutes the list of high risk third countries specified in schedule 3ZA of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the... 
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 | Mar 8, 2023 | News
The Legal Sector Affinity Group has today published an advisory notice exploring the risks associated with the use of Chinese informal value transfer systems (IVTs) that do not use the normal banking system and/or have not complied with Chinese currency controls. The...
