Elderly clients—practice rules and guidance for solicitors
Elderly clients—practice rules and guidance for solicitors

The following Private Client guidance note provides comprehensive and up to date legal information covering:

  • Elderly clients—practice rules and guidance for solicitors
  • Money laundering
  • Office procedures
  • The elderly client and the SRA Standards and Regulations

With an increasing move towards elderly client specialists and practices it is important to note the rules under which they must conduct their business. While all solicitors are bound by a set of rules, there are some that are of particular relevance in the case of elderly clients.

In effect all rules that govern solicitors should be known and complied with but, in particular, practitioners should be familiar with:

  1. the Solicitors Regulation Authority (SRA) Standards and Regulations 2019

  2. the SRA Accounts Rules 2019

  3. the SRA Financial Services (Scope) Rules 2019

  4. the SRA Financial Services (Conduct of Business) Rules 2019

Money laundering

In addition to these rules practitioners must also comply with money laundering regulations. Merely because elderly clients are involved (who may not have the identification requirements) is no reason to ignore procedures, however hardhearted that may seem. Therefore, it is essential that the practitioner has an acquaintance with the relevant legislation consisting of:

  1. the Proceeds of Crime Act 2002 (POCA 2002)

  2. The Proceeds of Crime Act 2002 (Business in the Regulated Sector and Supervisory Authorities) Order 2007 (POCA 2002 (BRSSA)O 2007)

  3. the Serious Organised Crime and Police Act 2005 (SOCPA 2005)

  4. The Money Laundering Regulations 2007 (MLR 2007)

It is well known that the Law Society issues warning cards (the Blue Cards) on money laundering that should be read by every

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