Compliance & Regulation

Global law firm Jones Day has reportedly had 100 gigabytes of data stolen, with some of it appearing on the dark web, after a third party that provides it with file transfer software was hacked.

A solicitor who described how she fell in love with the architect of a translation fee fraud – who used her to facilitate it – has accepted that she had to be struck off.

Money laundering, buyer-funded developments, and acting for both sides are among the risks highlighted in the Council for Licensed Conveyancers’ first Compliance Risk Agenda.

A solicitor struck off after it emerged he had been convicted of harassing a woman in Norway nearly 20 years ago has failed in his challenge to the decision.

A solicitor who lied to a High Court judge during the trial of a dispute with a former partner in his law firm has been struck off. The tribunal said the public would be “horrified” by his misconduct.

A solicitor who received a caution for assault by beating a female family member has been rebuked by the Solicitors Regulation Authority. It accepted the conduct was “out of character”.

A solicitor who twice misled a potential employer into believing he was still in a job – when in fact he had been sacked six months earlier – has been suspended indefinitely.

Firms getting into new areas of work because of the impact of Covid, along with handling funds generated through the legal sale of cannabis abroad, are among emerging money laundering risks.

The possibility of negative interest rates moved a step closer yesterday amid continuing uncertainty over whether law firms could pass on to clients the cost of holding their money.

A solicitor whose “reckless mismanagement” of her law firm’s finances damaged the profession’s reputation has been struck off, and her COFA banned for “manifest incompetence”.