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Money laundering action

10 June 2022
Issue: 7982 / Categories: Legal News , Regulatory , Profession
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Law firms which fall within the scope of the Money Laundering Regulations 2017 will need to provide the Solicitors Regulation Authority (SRA) with more data by the end of July, or face regulatory action

The SRA issued a call this week to the 6,000 law firms affected. The data required covers the value of work conducted for their largest single client, physical cash thresholds, how much higher risk work they conduct, and number of internal concerns raised about potential money laundering risk and suspicious activity reports submitted.

For more information, see here.

Issue: 7982 / Categories: Legal News , Regulatory , Profession
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MOVERS & SHAKERS

NLJ career profile: Liz McGrath KC

NLJ career profile: Liz McGrath KC

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Burges Salmon—Matthew Hancock-Jones

Burges Salmon—Matthew Hancock-Jones

Firm welcomes director in its financial services financial regulatory team

Gateley Legal—Sam Meiklejohn

Gateley Legal—Sam Meiklejohn

Partner appointment in firm’s equity capital markets team

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An extra bit is being added to case citations to show the pecking order of the judges concerned. Former district judge Stephen Gold has the details, in his ‘Civil way’ column in this week’s NLJ

The Labour government’s position on alternative dispute resolution (ADR) is not yet clear

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