The Problems with Beneficial Ownership
Confusion often arises as to who might qualify as being a beneficial owner and the degree of checkin...
Revised SRA Guidance on Sanctions Controls
As many will testify, finding a client is listed on HM Treasury consolidated sanctions controls list...
To DBS or not to DBS? – that is the question
An issue that often arises during AML checks where the firm has already been the subject of a monito...
Know your client – or else
There is always the risk that the client onboarding process can be seen as being little more than a ...
Client Interest Payments
The recent rise in interest rates means that many firms need to look again at the amount of interest...
Statute Bills and the Extent of Solicitors’ Duties
It is important for solicitors to bear in mind the key differences between statute and interim bills...
Transparency rules checks and client surveys
The SRA have announced that they will, over the next few months, again be rolling out a programme of...
Revised SRA Guidance on Sexual Misconduct and Other Criminal Offences
In the light of an increase in the number of complaints about sexual misconduct at law firms made to...
Making Sense of the Register of Overseas Entities
The government introduced the register of overseas entities on 1 August 2022 requiring anonymous for...
New SRA Fining Powers Take Effect
SRA announces that its controversial increase in fining powers will take effect from 20 July 2022 wi...