Last year I wrote about whether it is too risky for solicitors to act as verification agents. I decided to find out first hand what the risk implications are, by signing up as a verification [...]
Join us for our free webinar on this topic on 22 February at 12pm, in which we will explore some of the practicalities of terrorist financing compliance. The Terrorism Act 2000 (TA) makes it an [...]
In response to the recent increase in regulatory fining powers at the SRA, the regulator and the SDT published a joint statement on referrals to the tribunal this week. The document aims to set [...]
The status of ‘freelance solicitors’ is a relatively new regulatory arrangement for the SRA, coming in with the 2019 Standards and Regulations. Before that, the only way for a solicitor to [...]
Not long ago, our fortnightly newsletter (COLP Insider) reported the occasional low level fine for firms incurring the ire of the SRA for AML failures. £600 for a lack of risk assessment here, [...]
It’s been a rollercoaster first 5 years for GDPR, says Rachael Eyre. Regulation (EU) 2016/679, more commonly known as the General Data Protection Regulation (GDPR) received its final approval by [...]
Rachael Eyre, certified data protection practitioner, looks at law firms’ duties to establish a client’s identity when they call the office. We are all familiar with the routine. [...]
December’s webinar (recording link sent to our COLP Insider newsletter subscribers) was a roundup of the top 10 SRA compliance topics of 2022, with some 2023 predictions thrown in for good [...]
For those advising clients on the register of overseas entities under the Economic Crime (Transparency and Enforcement) Act 2022 (ECTEA), two important deadlines are looming. Don’t miss [...]
New guidance from the Solicitors Regulation Authority sets out the expectations placed on law firms when it comes to ‘effective’ supervision. Although the guidance does not officially carry the [...]
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