The Solicitors Regulation Authority has proposed new measures to strengthen protections around client money held by law firms. Under the plans, firms would be required to submit all accountants’ reports directly to the regulator and provide an annual declaration confirming compliance. This approach was previously in place until 2014, after which only reports highlighting concerns...
The Solicitors Regulation Authority (SRA) has imposed a GBP77,784 fine on a London-based law firm. It was fined for failing to comply with the client risk assessment rules for three years and failing to carry out an independent anti-money laundering (AML) compliance audit. There was no evidence of any harm to consumers or to third...
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Copyright by CareAccountancy. All rights reserved.
