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...
Solicitor Ongoing Competence
Following the LSB's "Statement of policy - ongoing competence" there had been some speculation that ...
SRA Proposes Rules Updates
The Solicitors Regulation Authority has published a consultation relating to proposed updates to a n...
LeO Revise Scheme Rules
The Legal Ombudsman (LeO) has announced updates to its Scheme Rules, to take effect from 1 April 202...
SRA Imposes Higher AML Fines
The New Year has seen a growth in the number of investigations into AML processes within solicitors'...
The Problems with Beneficial Ownership
Confusion often arises as to who might qualify as being a beneficial owner and the degree of checkin...
Revised SRA Guidance on Sanctions Controls
As many will testify, finding a client is listed on HM Treasury consolidated sanctions controls list...
To DBS or not to DBS? – that is the question
An issue that often arises during AML checks where the firm has already been the subject of a monito...
Know your client – or else
There is always the risk that the client onboarding process can be seen as being little more than a ...
Client Interest Payments
The recent rise in interest rates means that many firms need to look again at the amount of interest...