Compliance & Regulation

The government has unexpectedly announced that DAC 6, an EU cross-border tax transparency rule with major implications for international law firms, will be rewritten in the wake of the Brexit trade deal.

A solicitor who took unfair advantage of his own daughter-in-law by not completing his purchase of her flat and not telling her, and then renting it out for his own benefit, has been struck off.

A tribunal has ordered the Solicitors Regulation Authority to pay a solicitor £22,500 in costs after ruling that many of the allegations made against him were not properly brought.

Two well-known law firms have accepted fines from the SRA – one for allowing its client account to be used as a banking facility and the other for holding disbursements in its office account.

A solicitor struck off for making false statements to the Mueller inquiry into alleged Russian involvement in the election of US president Donald Trump has received a presidential pardon.

It is likely that criminals launder “hundreds of millions” of pounds with the inadvertent aid of conveyancers across the UK, the government has warned. London litigation firms are also being targeted.

The High Court has rejected an appeal from a solicitor struck off for persuading a vulnerable client to pay £4,700 into her personal bank account.

The Solicitors Regulation Authority has failed in its bid to sell two properties to recoup £354,000 of the costs of intervening in a solicitor’s practice.

The Solicitors Regulation Authority will not appeal the High Court decision in the Ryan Beckwith case, stressing that the ruling was confined to its facts.

The Law Society of Scotland has criticised the Solicitors Regulation Authority’s call for the government not to exempt small law firms from paying the proposed economic crime levy.