Last week’s COLP COFA conference was marked by chords that seemed oddly out of tune with the expectations of its audience. As Elton John might say, it seems “sorry seems to be the hardest [...]
It’s been a busy week in legal regulation! The big news of course was that the LSB (finally) published the independent “Axiom Ince report”, resulting in unprecedented [...]
Our latest webinar (“Practical guidance on source of funds”) tackled the challenges and nuances of handling source of funds (SoF) inquiries, an essential part of anti-money laundering [...]
The Solicitors Regulation Authority (SRA) has published a thematic review focused on anti-money laundering (AML) training in law firms. This review is a timely reminder that training plays a [...]
“How many legal regulators does it take to fix a lightbulb?” “Just one… but only after an independent review finds that it’s broken.” The long-overdue independent [...]
Welcome to the latest edition of COLP Insider In this edition, we dive into the latest on SRA fines, practice renewal reminders, and a hot topic—whether sham litigation is truly a money [...]
Sophie is a qualified solicitor (now non-practising). She originally practised in the Tax and Succession department of a national firm before taking on the compliance roles in a newly-formed ABS. [...]
Sham litigation is often cited as a potential avenue for money laundering, where the legal process of dispute resolution is abused to disguise the origins of illicit funds. For years, skepticism [...]
It’s been over two years since the SRA has been empowered to impose increased fines upon both individuals and entities, and there seems to be more on the way, writes Sophie Cisler. Their powers [...]
Happy Friday afternoon! Here we go again with another dollop of risk and compliance news and views. After a relatively quiet summer, things are hotting up with everyone drawing their battle lines [...]
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