Be Alert to Cyber Fraud
As the press carries yet another report of a law firm client having been tricked into making substan...
CDD Evidence on Individual Clients
The question of whether seeing the client’s personal documents or electronic ID evidence is suffic...
AML – Revised SRA Sectoral Risk Assessment
Just as firms are required to take a risk-based approach to AML best practice, so too must the SRA t...
Comprehensive AML Risk Assessments
The vast majority of solicitors firms in private practice are required not only to conduct a regular...
Liability Risks from Helpline Advice
The extent of a firm’s legal responsibilities concerning helplines and clinic sessions was examine...
AML – Fines, Risk Assessments, Sanctions and Breaches
As the SRA continues to monitor and inspect many firms’ AML compliance arrangements, and proceeds ...
AML Compliance – the continuing challenge
As the year draws to a close, there is no escaping the fact that the topic that has proved to be the...
Law Firms and the Economic Crime and Corporate Transparency Act
The arrival of the long-awaited Economic Crime and Corporate Transparency Act 2023 is designed to a...
AML – compliance isn’t an optional extra
AML is undoubtedly the most important regulatory issue that law firms currently face and the Solicit...
Avoiding Residual Client Balances
No matter how well managed your practice, and no matter how diligent your accounts staff, it is inev...