SRA issues sanctions regime guidance

SRA issues sanctions regime guidance

The SRA has today issued guidance on the financial sanctions regime and explained how it expects firms to address compliance with the fast-changing rules. The guidance places significant expectations on all firms, even those whose work falls outside the regulated...
Proliferation financing – Time to update your PWRA

Proliferation financing – Time to update your PWRA

All firms doing work within the scope of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 must have a practice wide (also referred to as firm wide) risk assessment (PWRA) in place. You may have seen reports...
Do not worry about dropping Russian clients – SRA

Do not worry about dropping Russian clients – SRA

The Solicitors Regulation Authority has said it is ‘highly unlikely’ to get involved where a firm has dropped a client for whom it no longer feels comfortable representing. Many firms are reviewing their client lists following the Russian invasion of Ukraine and...