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Archives

Monthly Archive for: "January, 2024"
 Half-million pound lesson: Clyde & Co’s AML failure and the SRA’s wake-up call to law firms
0
By Jonathon Bray
In Industry Insights
Posted 19th January 2024

Half-million pound lesson: Clyde & Co’s AML failure and the SRA’s wake-up call to law firms

In a landmark decision that has reverberated through the legal sector, Clyde & Co, a prominent international law firm, was handed a staggering £500,000 fine by the Solicitors Disciplinary [...]

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 How to be an effective law firm MLRO in 2024
0
By Jonathon Bray
In Industry Insights
Posted 19th January 2024

How to be an effective law firm MLRO in 2024

In 2024, the role of the Money Laundering Reporting Officer (MLRO) and Money Laundering Compliance Officer (MLCO) in SRA regulated law firms is increasingly pivotal. The SRA is increasingly [...]

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 Navigating the evolving landscape of client account management: Insights from our recent webinar on the SRA Accounts Rules
0
By Jonathon Bray
In Industry Insights
Posted 19th January 2024

Navigating the evolving landscape of client account management: Insights from our recent webinar on the SRA Accounts Rules

In the complex world of legal services, inadvertent breaches of the Solicitors Regulation Authority (SRA) Accounts Rules has become an increasing concern. In a recent webinar, Scott Newby, [...]

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 Legal Ombudsman address change
0
By Jonathon Bray
In Industry Insights
Posted 19th January 2024

Legal Ombudsman address change

A reminder that the Legal Ombudsman (LeO) address is changing. The change will go live from Monday, 22 January 2024. What do you need to do in response to the Legal Ombudsman address change? You [...]

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 How to be a COLP in 2024
1
By Jonathon Bray
In Industry Insights
Posted 5th January 2024

How to be a COLP in 2024

The Compliance Officer for Legal Practice (COLP) plays a crucial role in ensuring that their firm complies with the rules set by the Solicitors Regulation Authority (SRA) and other regulations [...]

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 Case of note: Solicitor fined for misunderstanding SRA rules
0
By Jonathon Bray
In Industry Insights
Posted 5th January 2024

Case of note: Solicitor fined for misunderstanding SRA rules

The recent case of solicitor Jane Thirza Moir (JTM) serves as a timely reminder of the importance of staying up to date with regulatory changes. Although it only resulted in a relatively small [...]

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