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SRA attacks “disproportionate and unnecessary” money laundering regulations

New anti-money laundering regulations planned by the Treasury would impose “disproportionate and unnecessary” burdens on law firms, the Solicitors Regulation Authority has warned. It was particularly unhappy about a ‘criminality test’ for lawyers.

April 20th, 2017 | No Comments »

Separation would be better for both of us, SRA leaders tell Law Society

The leaders of the Solicitors Regulation Authority have made it clear that they believe it would be better for the public and the profession if they had complete independence from the Law Society. They were responding to the Treasury’s announcement earlier this week on independent regulation.

December 3rd, 2015 | No Comments »

Government promises to clear way for supermarket and estate agent ABSs

The government said today that it will “further reduce barriers” to make it easier for alternative business structures, such as supermarkets and estate agents, to offer legal services like conveyancing, probate and litigation. It will also seek the complete separation of regulators from representative bodies.

November 30th, 2015 | No Comments »

Huge rise in number of lawyers disciplined for money laundering, Treasury reports

There has been a massive increase in the number of lawyers disciplined by their professional bodies for breaking the rules on money laundering, a Treasury report has found.

April 9th, 2015 | No Comments »