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 24, 2023 | News
A City firm handling a property transaction between two Ukrainian citizens has been fined around £12,000 for failing to conduct sufficient AML checks. DKLM LLP, based in the Square Mile, relied upon customer due diligence and source of funds checks provided by a... 
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 | 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 | Aug 11, 2023 | News
The Solicitors Regulation Authority is prosecuting international firm Clyde & Co over alleged historic money laundering rule breaches – the second such case against a leading firm within a matter of weeks. A former partner with the firm is also facing a...
