by AdrianaAMLP | Jan 19, 2024
In light of the recent significant interest in the Post Office Horizon Scandal and the resumption of hearings at the ongoing statutory public inquiry, the SRA is providing an update on our investigation, building on our October 2022 statement.
by Jyotsna Bucktowar | Oct 23, 2023
Just 1 in 3 (30%) of firms inspected were fully compliant, with just over half (51%) partially compliant. 19% were non-compliant resulting in corrective, and in some cases, enforcements action…
by Jyotsna Bucktowar | Oct 14, 2023
The report details the regulator’s stance and approach to AML regulation for law firms. The SRA warns that it is increasing its focus to “ensure that all solicitors understand and meet the obligations of the financial sanction regime.” Over the past 12 months the SRA...
by Jyotsna Bucktowar | Jul 24, 2023
Firms should assess their risks and target their resources to the areas or products that are most likely to be used to launder money. The UK Government periodically undertakes a National Risk Assessment pulling together risk-based information from all...
by AdrianaAMLP | Nov 28, 2022
The UK Solicitors Regulation Authority (SRA) published Guidance on complying with the UK sanctions regime. It explains the SRA’s expectations of firms and solicitors and provides practical advice to firms on avoiding sanctions breaches…
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