Recent features
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FeatureQ&As – shortfalls on client account
The second edition of Risk and Compliance Questions and Answers has been updated to incorporate the latest regulatory information and guidance from government, the legal regulators and the Law Society. The authors, Rebecca Atkinson and Tracey Calvert, answer a common question relating to client accounts.
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FeatureAn element of suspicion?
Understanding the anti-money laundering definition of ‘suspicion’ is not as straightforward as it may appear. Amy Bell looks at the detail
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FeatureWhat the change in PEP regulations means for you
Richard Simms, founding director of anti-money laundering online platform AMLCC, explores the recent change in the regulation of domestic politically exposed persons
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FeatureChallenges in sanctions compliance
Katarina Pranjic of Lexis Nexis Risk Solutions looks at the challenges of managing sanctions risks, and provides some top tips for keeping on top of the changes
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FeatureResidual balances – a silent danger?
Robert Blech considers residual balances and outlines the dangers of not addressing the issue in law firms
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FeatureInvisible processing of data
Tony Imossi of the Association of British Investigators (ABI) explores the practice of processing personal data without an individual’s knowledge, and outlines the risks it poses to solicitors
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FeatureOn account
Karen Edwards outlines the benefits and the risks of firms taking credit card payments for client accounts
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FeatureAre DUIs a regulatory matter?
In recent actions by the Solicitors Regulation Authority (SRA), drink-driving offences have become significantly more costly for solicitors, serving as a stark reminder of the regulator’s expected standards around personal conduct
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FeatureEight AML questions the SRA may ask
Richard Simms from AMLCC sets out the eight questions you should ask to establish if your firm is anti-money-laundering compliant before you get a visit from the Solicitors Regulation Authority
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FeatureHM Treasury AML supervision report
HM Treasury has published its 2022/23 report on anti-money laundering and counter-terrorist financing (AML/CFT) supervision. Rick Kent, anti-money laundering policy manager at the Law Society, looks at the key changes
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FeatureHow to be an effective COLP
As compliance frameworks become more complex, and regulators get new fining powers, the compliance officer for legal practice (COLP) is an increasingly pivotal role. Jonathon Bray offers his top tips on how to be effective in this position
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FeatureDiversity and inclusion – the benefits to your firm
Pearl Moses reflects on her experience with diversity and inclusion in the legal sector and although she says the profession is changing, bias remains an issue
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Feature9 things for your risk radar in 2024
Andrea Cohen outlines what’s on the regulatory horizon and sets out what should be on your risk radar in the coming year
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FeatureOn the regulatory radar – 3 hot topics
Tracey Calvert outlines what’s on the regulator’s radar for the coming year and sets out some action points on how to be proactive in planning for compliance challenges
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FeatureCan cyber risks impact on your PII premium?
Lindsay Hill, Mitigo chief executive officer, answers some key questions about the impact of cyber risks on professional indemnity insurance
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FeatureThe challenge of challenging behaviour
Rebecca Atkinson explores the SRA’s new fair treatment rule
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FeatureSanctions – new prohibitions
Julie Norris and Alfie Cranmer provide an update on changes to sanctions affecting those providing legal advisory services in the UK
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FeatureQuality indicators – does your firm match up?
Jayne Willetts and Bronwen Still consider the key findings of a recent pilot scheme run by the legal regulators on improving quality indicators in the legal sector
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FeatureDelaying tactics and clients - the risks
Jonathon Bray looks at some cases where inaction on client matters resulted in disciplinary action in the Solicitors Disciplinary Tribunal. He outlines how to avoid the risks.
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FeatureEconomic Crime Act – an update
Laura Williamson provides some top tips on dealing with property transactions where overseas entities are involved