Insurance distribution is a regulated financial service. Solicitors involved in insurance distribution activities need to adhere to specific rules and regulations set by the SRA and FCA. What is [...]
Are you considering Lexcel accreditation for your law firm? Wondering about its benefits and how it can elevate your practice? Join us as we delve into the world of Lexcel with insights from John [...]
In the intricate world of Anti-Money Laundering (AML) compliance, the stakes are high and the responsibilities vast. Some law firms rely on central ‘onboarding’ teams to undertake [...]
The legal sector was recently shaken by the case of Oliver Bretherton, a former legal director at an international law firm, who was struck off by the Solicitors Disciplinary Tribunal (SDT) for [...]
In law’s firm grasp where trust is a must, Compliance not just advice, but a binding thrust. Regulated firms in England and Wales, Heed the SRA’s stern warning tales. Money [...]
Solicitors beware. There was a sinister and unexpected change in the SRA’s tone towards law firm compliance at the annual COLP COFA conference, held on 18 October 2023. As 800 practitioners [...]
Use this handy infographic to cut through the noise surrounding source of funds requirements. After conducting your risk assessment on the client and transaction, ask these three questions: [...]
You may have noticed that the regulator has been busy flexing its new fining powers recently. The SRA can slap fines of up to £25,000 without reference to the Solicitors Disciplinary Tribunal. [...]
The ability to work from home is a major consideration for legal professionals when considering a career move, and law firms not offering this kind of flexibility are at a disadvantage in a tough [...]
Updated 25 July 2023 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 official [...]
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