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Practice notes
AML and counter-terrorist financing—source of funds and source of wealthSource of funds and wealth was a key focus of the SRA’s Preventing Money...
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19th May
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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19th May
Practice notes
Compliance officer for legal practice—COLP—title and duties 2011 [Archived]The compliance officer for legal practice (COLP) sits at the heart of the...
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19th May
Practice notes
Brexit—exiting the EU under Article 50 [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note contains...
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Produced in partnership with Adam Cygan of University of Leicester 19th May
Practice notes
SRA Accounts Rules 2019This Practice Note sets out the requirements of the SRA Accounts Rules 2019 (the 2019 Rules), in force from 25 November 2019,...
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19th May
Precedents
1DefinitionsModern Slavery Policy•means the Customer's anti-slavery and human trafficking policy as set out in Schedule [insert] as updated by the...
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19th May
Practice notes
High-risk third countries trackerOrganisations caught by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer)...
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19th May
Practice notes
Active bribery, passive bribery and bribing foreign public officialsThe purpose of this Practice Note is to provide a general understanding of the...
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Produced in partnership with Joanne Kane of Carmelite Chambers 19th May
Precedents
In briefThis precedent links to: •a template created by the UK Information Commissioner’s Office (ICO) of the ‘Set II’ or ‘2004’ EU Standard...
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19th May
Practice notes
Introduction to retained EU lawThis Practice Note provides an introduction to retained EU law. It provides an overview of the key definitions and...
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Produced in partnership with Dr. Kieran Laird of Gowling WLG 19th May
Practice notes
Safeguards and information barriersProtection of confidential information is fundamental to your relationship with clients, both as a matter of law...
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19th May
Practice notes
Undertakings and the SRA 2019What is an undertaking?An undertaking is:•a statement, given orally or in writing, whether or not it includes the word...
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19th May
Practice notes
Duties of confidentiality and disclosure 2019The protection of confidential information is a fundamental feature of the solicitor-client relationship...
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19th May
Precedents
1IntroductionThis financial sanctions policy is designed to ensure we comply with applicable financial sanctions laws made under the UK sanctions...
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19th May
Practice notes
SRA Handbook 2011 [Archived]The SRA Handbook 2011 sets out standards and requirements that individual lawyers and firms are expected to achieve and...
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19th May
Practice notes
Working with European lawyers—the Registered European Lawyer (REL) regimeAt 11 pm (GMT) on 31 December 2020, the Brexit transition/implementation...
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19th May

Most recent Q&As content

Q&As
Can I charge a contingency-based uplift on a high-value transaction, eg an uplift on the hourly rate or a percentage of value of transaction if the...
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Produced in partnership with Gilles Ward of DG Legal 15th Aug
Q&As
Are there any CDD requirements for transferring money to an unrepresented third party in real estate transactions?The Money Laundering, Terrorist...
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15th Aug
Q&As
Third party funds—to what extent should I carry out CDD to confirm identity and or source of funds?STOP PRESS: Draft Legal Sector Affinity Group...
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15th Aug
Q&As
How do I determine what client due diligence (CDD) measures to apply to a client?STOP PRESS: Draft Legal Sector Affinity Group (LSAG) AML guidance was...
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15th Aug
Q&As
Where can I find the sanctions lists?The Office of Financial Sanctions Implementation (OFSI) maintains two lists of those subject to financial...
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15th Aug
Q&As
Does the obligation to report a discrepancy about a beneficial owner on the person with significant control register by an obliged entity extend to...
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15th Aug
Q&As
What sort of activities are caught by the insurance distribution regime—law firms?The Insurance Distribution Directive (IDD), Directive 2016/97/EU...
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15th Aug
Q&As
Is a member of the House of Lords (who does not hold any ministerial role) considered to be a politically exposed person under the Money Laundering...
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15th Aug
Q&As
Do I have to make a suspicious activity report where I have been unable to apply CDD measures?This Q&A reflects draft Legal Sector Affinity Group...
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15th Aug
Q&As
Do we have to conduct client due diligence on all shareholders of corporate clients?Client due diligence (CDD) entails:•identifying the...
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15th Aug
Q&As
Can I assume that another firm will have carried out all necessary checks in a conveyancing matter if the purchase price comes from its client...
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15th Aug
Q&As
Do I have to establish the source of funds for every property matter?STOP PRESS: Draft Legal Sector Affinity Group (LSAG) AML guidance was published...
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15th Aug
Q&As
Is it necessary to conduct anti-bribery and corruption due diligence on suppliers?Agent, intermediary or supplier?Your organisation can be held liable...
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15th Aug
Q&As
Can I charge my client and/or opponent for costs and disbursements if I have forgotten to send a client care letter?Conduct issuesPractice Note:...
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15th Aug
Q&As
Can a current, valid UK photo card driving licence alone satisfy client due diligence requirements?STOP PRESS: Draft Legal Sector Affinity Group...
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15th Aug
Q&As
We are considering working with a non-lawyer, on a self-employed/part time consultancy basis to help promote the firm, eg to chair conferences and...
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Produced in partnership with David Smith of Anthony Gold Solicitors 15th Aug

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