AML – compliance isn’t an optional extra
AML is undoubtedly the most important regulatory issue that law firms currently face and the Solicit...
Avoiding Residual Client Balances
No matter how well managed your practice, and no matter how diligent your accounts staff, it is inev...
Managing AML Risk Assessments
SRA issues new warning to solicitor firms that they need to be more thorough in undertaking client/m...
Serious Breaches and the SRA – when to report?
One of the key duties faced by all COLPs and COFAs is the need to make a prompt report to the SRA as...
Conveyancing Services – Opportunities and Threats
As most high street firms will agree, these are tough times for those involved with residential conv...
Warnings on Costs Information, Fees Recovery and Transparency Rules
Recent warnings in the legal press as to ensuring firms are paid for the work they do, as with the r...
Safeguarding Legal Practices: The Imperative for Solicitors to Prioritise Cybersecurity
The recently publicised cyber-attack on conveyancing giant Simplify, and which cost the group nearly...
Sanctions and OFSI Compliance Concerns
For many law firms potential liability for breaches of sanctions controls may be theoretical but are...
Increased Obligations on Money Laundering and Financial Crime: Proliferation Risks
A revised LSAG coming into effect on 1 April 2023 introduces changes to the MLRs 2017, including in...
New SRA Guidance on the Provision of Banking Facilities for Clients
One of the most common compliance problems to arise in relation to the SRA Accounts Rules is the pro...