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 | Nov 16, 2023 | News
The SRA has published details of the first fixed penalties issued since introducing the new fixed financial penalty regime. The £750 fines published today are in relation to three firms for not complying with the SRA’s transparency rules. Breaches included:... 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,...
