The SRA a very active in carrying out AML Audits. We help firms navigate their way through such an audit and then with any work the SRA ask them to do to comply. In addition we can assist with carrying out an Independent AML audit after a few months to check the actual implementation & […]
This guidance on the Proceeds of Crime Act applies to all people and firms regulated by the SRA, whether or not they fall within AML scope. The SRA have given notice that they will have regard to this guidance when exercising it's regulatory functions. The guidance has been issued to help people understand the SRA's […]
From 12 June, the SRA are introducing an additional verification step to make your mySRA account more secure. This means when you log in you will need to register a phone number. You will then need to have this phone with you every time you log in to mySRA and use a text message code […]
We thought it would be helpful to write a post explaining the actual process, with images, of how a solicitor actually does the confirmation of the QWE on the SRA website - as a resource for solicitors and also for Aspiring Solicitors who want to know. The actual process is quite simple. It remains so […]
We are putting this up so that people may satisfy their curiosity as to what the message to a successful applicant looks like! Help with your SQE2 Exemption Application Here is a link to more info Help with confirming QWE This is for people who are NOT foreign qualified lawyers. We have confirmed QWE to […]
On 2nd May 2023 the SRA wrote to all firms they regulate who are NOT within scope of the AML regulations (they already asked those within AML scope) with a series of questions on how they comply with the Sanctions Regime. (Check your junk box!) Answering is mandatory and answers must be submitted by the end […]
We thought it worth putting up an answer to this questions as it has been asked may times. Compliance with AML is a particularly hot topic and the SRA is increasing inspection, audit and enforcement. The SRA does not give an absolutely categorical list, but does supply helpful guidance (we understand a lot more helpful […]
The SRA has issued updated guidance on 4th May 2023. This is in response to continued reports of an unsupportive, bullying or toxic working environment and culture in some firms it regulates. The guidance is for all individuals and firms the SRA regulates, including managers and other individuals involved in senior leadership within law firms […]
One of our client law firms has forwarded the email they received yesterday from the SRA giving them notice that the SRA will be asking them to answer specific questions about how they comply with the UK Sanctions Regime. They have provided a list of the questions they will ask. It is mandatory that the […]
The SRA published information about this in February 2023 to be brought into effect “later in the year”. This seems a sensible approach to streamline the process and save the profession expense. It also comes at a time when the SRA has been given powers to raise the maximum it can fine firms from £2,000 […]
