Compliance & Regulation

The Financial Conduct Authority is investigating The Claims Protection Agency Ltd over its motor finance work, it has emerged after a High Court battle over anonymity.

A legal market that achieves fairer outcomes for both the public and the profession “is far from being realised”, the Legal Services Board has declared.

Law societies on both sides of Hadrian’s Wall have set out strong opposition to government plans to transfer anti-money laundering supervision to the FCA.

A solicitor who instructed a trainee to backdate a deed has been rebuked by the Solicitors Regulation Authority after she admitted to an error of judgement.

There has been a rise in “highly convincing” scam emails targeting businesses and trade mark owners that use the names of genuine solicitors, a leading law firm has warned.

Confidence in the SQE among employers has risen over the past three years but is still not particularly strong – and declined significantly among candidates.

A compliance officer at a City law firm who pretended he was at work when he was actually working from home – and continued to lie about it – has been banned from the profession.

The Council for Licensed Conveyancers and Legal Services Consumer Panel have both backed a radical review of the Legal Ombudsman and possibly a complete redesign of the scheme.

A “manifestly incompetent” solicitor who facilitated one fraudulent and three potentially fraudulent property transactions has been given a suspended suspension.

The Law Society is urging the Legal Ombudsman not to launch a fundamental review of its rules when it should be focusing on reducing its backlog of cases.