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 [...]
The Solicitors Regulation Authority (SRA) has published a thematic review focused on anti-money laundering (AML) training in law firms. This review is a timely reminder that training plays a [...]
“How many legal regulators does it take to fix a lightbulb?” “Just one… but only after an independent review finds that it’s broken.” The long-overdue independent [...]
Sham litigation is often cited as a potential avenue for money laundering, where the legal process of dispute resolution is abused to disguise the origins of illicit funds. For years, skepticism [...]
It’s been over two years since the SRA has been empowered to impose increased fines upon both individuals and entities, and there seems to be more on the way, writes Sophie Cisler. Their powers [...]
We’ll never share your email address and you can opt out at any time, we promise
