Supervision
In November 2022 the SRA issued formal guidance on effective supervision to help those they regulate with supervisory responsibilities (solicitors and firms) understand their obligations and how [...]
Undertakings
What is an undertaking? The SRA glossary defines an undertaking as: “a statement, given orally or in writing, whether or not it includes the word “undertake” or [...]
Register of Overseas Entities
As part of the Government's desire to improve transparency and stop foreign criminals using UK property to launder money, anonymous foreign owners of UK properties are now [...]
Ongoing Competence
In July 2021, as part of its review into ongoing competence in legal services the Legal Services [...]
Sanctions – Changes to OFSI’s enforcement powers
The Economic Crime (Transparency and Enforcement) Act 2022 (Commencement No. 2 and Saving Provision) Regulations 2022 brought [...]
Protecting staff wellbeing in the workplace environment
The Solicitors Regulation Authority (SRA) has published guidance[1] which sets out, in relation to looking after staff [...]
Sanctions
Although we think of sanctions as part and parcel of the CDD process for anti-money laundering compliance, [...]
Data Protection Legislation – Adequate or not?
When the UK left the EU on 31st December 2020 they became a “third country” under EU [...]
Subject Access Requests – Stopping the Clock
In October the Information Commissioner’s Office published updated guidance on data subject access requests. It is now [...]
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