Tag Results
SRA attacks “disproportionate and unnecessary” money laundering regulations
Thursday, 20 April 2017New 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.
Tags: money laundering, Solicitors Regulation Authority, Treasury
Posted in Latest news, Regulation, Solicitors
Separation would be better for both of us, SRA leaders tell Law Society
Thursday, 3 December 2015The 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.
Tags: independent regulation, Law Society, Solicitors Regulation Authority, Treasury
Posted in Latest news, Legal Services Act, Regulation, Solicitors
Government promises to clear way for supermarket and estate agent ABSs
Monday, 30 November 2015The 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.
Tags: Alternative business structures, Legal Services Board, Treasury
Posted in Alternative business structures, Latest news, Legal Services Act
Huge rise in number of lawyers disciplined for money laundering, Treasury reports
Thursday, 9 April 2015There 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.
Tags: Law Society, money laundering, National Crime Agency, Treasury
Posted in Latest news, Legal Executives, Other lawyers, Regulation, Solicitors
Blog
What the law can learn from fintech’s onboarding revolution
Client onboarding has always been slow. It’s not just about the paperwork and manual workflows; it’s also about those long AML checks and verifications.
Civil enforcement – progress at last with CJC report
‘When do I get my money?’ is a question that litigators acting for successful parties are used to fielding. The value of judgments is of course in the recovery made.
Paralegals: Progression and recognition are key to retaining talent
Many lawyers could not do their jobs without the support of paralegals and for law firms to remain competitive, paralegals need to be central to their business.
