Industry Insights

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 [...]

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 [...]

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. [...]

(EDIT – since this COFA article was originally written in 2012, the regulatory regime for solicitors has had a major overhaul (see SRA Standards and Regulations), but the main thrust of the [...]

(EDIT – since this article was originally written in 2012, the regulatory regime for solicitors has had a major overhaul (see SRA Standards and Regulations), but the main thrust of the article [...]

(This is a guest post by Fiona de Feu aka ‘My Compliance Colleague’. Thanks, Fiona!) Spoiler alert! You will not enjoy this article. There’s nothing “feel good” about it, and it’s [...]

So you’ve submitted a DAML…What next? The NCA will probably contact you within 7 days, either for further information or to give or refuse the defence you have requested. If they have [...]