‘A small firm which failed to have in place a compliance officer for three years and missed transparency requirements two years ago has been fined more than £20,000.’
Law Society's Gazette, 7th November 2024
Source: www.lawgazette.co.uk
‘The leaders of the Solicitors Regulation Authority (SRA) yesterday refused to apologise to the profession about the Axiom Ince collapse as they dismissed the report criticising its actions as just opinion.’
BBC news, 6th November 2024
Source: www.legalfutures.co.uk
‘Many law firms treat anti-money laundering (AML) training as a “tick-box exercise”, the Solicitors Regulation Authority (SRA) has found.’
Legal Futures, 5th November 2024
Source: www.legalfutures.co.uk
‘The solicitors’ regulator is to face unprecedented enforcement action under the Legal Services Act following the discovery of a catalogue of failures in its handling of the 2023 collapse of law firm Axiom Ince.’
Law Society's Gazette, 29th October 2024
Source: www.lawgazette.co.uk
‘The Carson McDowell review into the regulatory events leading up to the Solicitors Regulation Authority’s intervention into Axiom Ince culminates with four pages of recommendations.’
Law Society's Gazette, 29th October 2024
Source: www.lawgazette.co.uk
‘The Solicitors Regulation Authority (SRA) has sanctioned 470 law firms in the past 18 months over failures to comply with its transparency rules.’
Legal Futures, 1st October 2024
Source: www.legalfutures.co.uk
‘The courts has consistently maintained that in order to ensure that Regulators maintain their statutory obligation to protect the public, costs should not simply be awarded against them unless specific circumstances apply. In the recent judgment of Solicitors’ Regulatory Authority v Tsang Eyre J reviewed the relevant authorities and once again confirmed the position.’
2 Hare Court, 9th September 2024
Source: www.2harecourt.com
‘The sentencing of seven people involved in a money laundering network via Chinese underground banking is a valuable reminder to solicitors of its risks, the Solicitors Regulation Authority (SRA) has said.’
Legal Futures, 30th August 2024
Source: www.legalfutures.co.uk
‘A partner who acted for both sides of a property transaction where there was a conflict of interest has been fined by the Solicitors Regulation Authority (SRA).’
Legal Futures, 28th August 2024
Source: www.legalfutures.co.uk
‘A property law firm in Manchester has been handed a fine of nearly £22,000 for failures in anti-money laundering (AML) procedures, towards the top end of the Solicitors Regulation Authority’s (SRA) powers.’
Legal Futures, 14th August 2024
Source: www.legalfutures.co.uk
‘The Solicitors Regulation Authority has imposed one of its biggest fines against a law firm after another case where anti money-laundering measures were not up to scratch.’
Law Society's Gazette, 12th August 2024
Source: www.lawgazette.co.uk
‘Artificial intelligence (AI) will have a greater impact on legal services than the internet revolution, a roundtable sponsored by the Solicitors Regulation Authority (SRA) has predicted.’
Legal Futures, 5th August 2024
Source: www.legalfutures.co.uk
‘The Solicitors Disciplinary Tribunal (SDT) has ordered the Solicitors Regulation Authority (SRA) to pay costs of £5,000 after bringing a “flawed and misconceived” case against a non-solicitor.’
Legal Futures, 30th July 2024
Source: www.legalfutures.co.uk
‘Complaints about the Solicitors Regulation Authority’s (SRA) handling of cases rose by 29% last year, with the increase in interventions part of the reason.’
Legal Futures, 24th July 2024
Source: www.legalfutures.co.uk
‘A solicitor who “repeatedly” transferred money from client to office account to prop up his firm has been struck off by the Solicitor Disciplinary Tribunal (SDT).’
Legal Futures, 19th July 2024
Source: www.legalfutures.co.uk
‘A West Yorkshire firm has been fined by the regulator for charging personal injury clients higher fees than allowed under the rules on damages-based agreements.’
Law Society's Gazette, 15th July 2024
Source: www.lawgazette.co.uk
‘The High Court looks set to rule on whether a tribunal was right to find that Dentons’ breach of the anti-money laundering (AML) rules was “inadvertent” and did not amount to professional misconduct.’
Legal Futures, 15th July 2024
Source: www.legalfutures.co.uk
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