The Solicitors Regulation Authority (SRA) recently issued a consultation (now closed) proposing significant changes to its financial penalties framework. The response from key stakeholders in the [...]
Compliance with Anti-Money Laundering (AML) regulations is increasingly a source of stress and concern for lawyers. The Solicitors Regulation Authority (SRA) has been ramping up its enforcement [...]
With the introduction of the Worker Protection (Amendment of Equality Act 2010) Act 2023, set to come into force in 2024, law firms face a critical shift in their responsibilities regarding [...]
Regular readers of the COLP Insider newsletter will know that the Solicitors Regulation Authority (SRA) has been ramping up its efforts to combat money laundering within the legal sector. As part [...]
As the legal industry evolves, mergers, acquisitions, and sales are becoming more frequent among law firms. Whether for strategic growth, market consolidation, or retirement, these transactions [...]
In August 2023, the Metropolitan Police broke up a £55 million money laundering ring operating in Hackney. This complex scheme involved several individuals who laundered large sums of money [...]
PII renewal season is approaching, with around two-thirds of law firms expected to renew their insurance in the next six weeks. Following years of limited market appetite, there is now an [...]
The SRA’s Anti-Money Laundering (AML) Data Collection Exercise 2024 went live in August. The SRA is responsible for enforcing the Money Laundering, Terrorist Financing and Transfer of Funds [...]
Our latest webinar (“Shaping the Future: Leveraging the Power of Culture in Law Firms”) drew considerable interest from the legal profession, with over 100 participants signing up to [...]
If by “old” you mean closed files, then no. The horse has bolted on those, unfortunately. Any issues which should have been captured during the risk assessment process will have [...]
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