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LSAG guidance approved by HM Treasury

LSAG guidance approved by HM Treasury

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...
SRA fining powers increased to £25,000 from today

SRA fining powers increased to £25,000 from today

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...