There but for the grace of God go I… what every Compliance Officer secretly fears This blog reflects on the growing pressure facing compliance officers, particularly as the SRA ramps up fines and [...]
On 26 March, we hosted a thought-provoking webinar focusing on Third-Party Managed Accounts (TPMAs) and their potential implications for solicitors. While the exact outcome of the SRA’s [...]
The SRA has issued yet another anti-money laundering (AML) fine – this time hitting a firm with a £25,000 penalty for failures in its source of funds (SOF) and source of wealth (SOW) [...]
By Sophie Cisler It’s a chilling thought, isn’t it? The stark reality that any one of us could be facing the consequences of a compliance misstep, no matter how diligently we strive to do the [...]
Mastering client matter risk assessments: Your shield against financial crime Are your client and matter risk assessments (CMRAs) up to SRA standards? SRA research reveals that nearly 1 in 5 [...]
Solicitors, COLPs, MLCOs and MLROs are on the front lines of the fight against financial crime. The SRA has been crystal clear about the importance the regulator places on comprehensive client [...]
By Sophie Cisler The UK’s new “failure to prevent fraud offence,” coming into effect on 1 September 2025, puts a direct onus on large organisations to proactively combat fraud. [...]
By Samantha Bray Let’s be honest – file reviews aren’t exactly the most exciting part of being a solicitor. They take time, require attention to detail, and can feel like yet another [...]
COLPs and COFAs: Have you thought about your personal liability? By Sophie Cisler When the COLP and COFA regime was introduced in 2011, questions were raised about how much personal liability [...]
By Sophie Cisler When the COLP and COFA regime was introduced in 2011, questions were raised about how much personal liability such individuals would bear. The SRA at the time was quick to [...]
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