Archives

Read our essential guide to the Legal Sector Affinity Group (LSAG) Guidance document Have you read the 200+ pages of updated AML guidance issued by the LSAG in January? This is the document that [...]

Cybercrime occurs on an industrial scale. Law firms are attractive targets to hackers because of the amount of money that flows through our client accounts and the volume of transactions. For all [...]

This is a transcript of a webinar presented on 17th March 2021 for Jonathon Bray clients. We provide monthly training sessions like this for all retainer clients. Introduction The Proceeds of [...]

When Is A Breach Of The SRA Rules “Serious” And Reportable? Every firm will have a minor SRA breach every now and then, be it correspondence sent to the wrong address, payments allocated to the [...]

What’s the SRA ‘tax adviser’ issue? As we previously highlighted (see When is tax advice not tax advice? The implications for solicitors are no joke), it is critically important [...]

Regulation 18 of the Money Laundering Regulations 2017 requires all law firms (subject to the Regulations) to have in place an AML firm-wide risk assessment. The draft LSAG AML Guidance for the [...]

This post was originally written in 2017 and has been updated in light of the newer SRA Standards and Regulations and guidance.  Every firm will have a minor SRA breach every now and then, be it [...]

Compliance issues for solicitors to look out for in 2021 We were thrilled to be asked to write a compliance blog by our friends at The Cashroom. The six burning issues for 2021 are: Covid and [...]

Most solicitors specifically exclude tax advice in their retainers, unless they have a dedicated tax department. This does not mean that they are shielded from the Money Laundering Regulations. [...]

10 things you must do as COLP [2021 update] This was a fun little project! We went through some of our posts from 2012 (ah, simpler times…), when the COLP and COFA roles were just being [...]