Industry Insights

By Sophie Cisler Another day, another consultation by the SRA on consumer protection. Whilst no-one is going to claim this isn’t a vital topic (upholding public trust and confidence in the [...]

Managing client money has long been a source of risk and administrative burden for solicitors. Despite rigorous rules around client accounts, firms remain vulnerable to compliance failures, [...]

As we approach the end of another year, compliance professionals are reflecting on key developments, challenges, and emerging trends in 2024. Recently, we hosted the “Compliance Year [...]

Artificial Intelligence (AI), particularly generative AI tools like ChatGPT, Gemini and Copilot, is rapidly transforming industries, including the legal profession. While the potential benefits [...]

The increasing reliance on Regulatory Settlement Agreements (RSAs) by the SRA to resolve cases of alleged misconduct, including breaches of anti-money laundering (AML) regulations, has raised [...]

The SRA’s recent thematic review of AML training has set the tone for a new era in compliance. While the findings provide valuable insights, they also pose challenges for law firms trying to keep [...]

A recurring theme in recent regulatory developments is the SRA’s increasing reliance on thematic reviews, warning notices, position papers, and other informal guidance to set expectations for law [...]

By Sophie Cisler Earlier this year, the Solicitors Regulation Authority (SRA) conducted a thematic review of firms offering estate administration services. While the final review is still pending [...]

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 [...]

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 [...]