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Latest Risk & Compliance News

European Union and UK government initiatives on money laundering and terrorism finance

European Union and UK government initiatives on money laundering and terrorism finance

The following Corporate Crime news provides comprehensive and up to date legal information on European Union and UK government initiatives on money laundering and terrorism finance

Risk & Compliance weekly highlights—29 July 2021

Risk & Compliance weekly highlights—29 July 2021

The following Risk & Compliance news provides comprehensive and up to date legal information on Risk & Compliance weekly highlights—29 July 2021

How anti-corruption push affects US companies operating abroad

How anti-corruption push affects US companies operating abroad

The following Corporate Crime news provides comprehensive and up to date legal information on How anti-corruption push affects US companies operating abroad

EU seeks to improve data transfers to boost AML fight

EU seeks to improve data transfers to boost AML fight

The following Corporate Crime news provides comprehensive and up to date legal information on EU seeks to improve data transfers to boost AML fight

Featured Risk & Compliance content

What is a solicitor's undertaking?

What is a solicitor's undertaking?

What is a solicitor's undertaking?An undertaking is a commitment by a solicitor to do something. It can be enforced against the solicitor by the...

AML and counter-terrorist financing—source of funds and source of wealth

AML and counter-terrorist financing—source of funds and source of wealth

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...

SRA Standards and Regulations 2019—in-house lawyers

SRA Standards and Regulations 2019—in-house lawyers

SRA Standards and Regulations 2019—in-house lawyersThe SRA Standards and Regulations set out the standards and requirements that individual...

The Information Commissioner’s Office (ICO)

The Information Commissioner’s Office (ICO)

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...

Practice notes

Dawn raid—who can raid my organisation and why?

Dawn raid—who can raid my organisation and why?IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation...
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Produced in partnership with Michael Potts of PCB Byrne 19th May
tag iconIn-house
Practice notes

Conflicts of interest, confidentiality and disclosure 2019—in-house lawyers

Conflicts of interest, confidentiality and disclosure 2019—in-house lawyersThe SRA Code of Conduct for Solicitors, RELs and RFLs (Code for Solicitors)...
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19th May
Practice notes

Brexit—exiting the EU under Article 50 [Archived]

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
tag iconBrexit
Precedents

Modern slavery: contract clauses

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
tag iconIn-house
Practice notes

High-risk third countries tracker

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
tag iconIn-house
Practice notes

Active bribery, passive bribery and bribing foreign public officials

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
Practice notes

Money Laundering Regulations 2017—simplified due diligence

Money Laundering Regulations 2017—simplified due diligenceYou may apply simplified customer due diligence (SDD) measures in relation to particular...
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19th May
Practice notes

Proceeds of Crime Act 2002—key information for businesses

Proceeds of Crime Act 2002—key information for businessesThe Proceeds of Crime Act 2002 (POCA 2002) came into force on 24 February 2003. It applies to...
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19th May
Practice notes

Brexit legislation tracker

Brexit legislation trackerThis Practice Note tracks the progress of UK legislation introduced as part of the legislative project associated with the...
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19th May
tag iconBrexit
Practice notes

Tipping-off and prejudicing an investigation

Tipping-off and prejudicing an investigationThere are several offences of tipping-off and prejudicing an investigation that apply to the regulated...
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19th May
Precedents

Standard contractual clauses for international transfers—set II—controller to controller—ICO templates

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 law

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
tag iconBrexit
Practice notes

SRA Code of Conduct for Solicitors, RELs and RFLs—for in-house lawyers

SRA Code of Conduct for Solicitors, RELs and RFLs—for in-house lawyersThis Practice Note provides guidance for in-house solicitors on the SRA Code of...
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19th May
Precedents

Financial sanctions policy

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

Getting the Deal Through: Merger Control 2021

Getting the Deal Through: Merger Control 2021Jurisdictions coveredThe following jurisdictions are covered in this report:Albania; Australia; Austria;...
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19th May
Practice notes

Working with European lawyers—the Registered European Lawyer (REL) regime

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
tag iconBrexit

Most recent Professional conduct and regulation content

Q&As

Is an undertaking binding and enforceable if given by a legally unqualified individual on behalf of their law firm?

Is an undertaking binding and enforceable if given by a legally unqualified individual on behalf of their law firm?The SRA Code of Conduct for Firms...
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31st Jul
Q&As

Do the SRA’s proposed changes to the Handbook mean that in-house lawyers risk losing legal professional privilege (LPP) for advice to their internal client/employer?

Do the SRA’s proposed changes to the Handbook mean that in-house lawyers risk losing legal professional privilege (LPP) for advice to their internal...
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31st Jul
Q&As

Can I rely on an undertaking from a legal executive employed in a non-SRA regulated entity?

Can I rely on an undertaking from a legal executive employed in a non-SRA regulated entity?There is no specific reference in the Chartered Institute...
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31st Jul
Q&As

We are representing clients in the sale of business assets. The purchaser representatives have legal knowledge, but do not appear to be solicitors (or similar). What are the compliance implications, other than the restriction on unqualified persons conducting reserved legal activities?

We are representing clients in the sale of business assets. The purchaser representatives have legal knowledge, but do not appear to be solicitors (or...
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31st Jul
Q&As

Is a solicitor bound by an undertaking that they cannot complete because the client has changed solicitors?

Is a solicitor bound by an undertaking that they cannot complete because the client has changed solicitors?The SRA Glossary defines an undertaking...
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Produced in partnership with Peter Steel of Augury Consulting Limited 31st Jul
Q&As

If a solicitor’s undertaking is given but it does not have a date by which it expires, can it be withdrawn? If so, are there any requirements regarding when and how it can be withdrawn?

If a solicitor’s undertaking is given but it does not have a date by which it expires, can it be withdrawn? If so, are there any requirements...
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31st Jul
Q&As

What are the ramifications for a solicitor who does not comply with Law Society Formula B undertakings and/or did not hold their client's part of the contract at the point of exchange? If the contract later comes into dispute does an action lie with that solicitor or their firm?

What are the ramifications for a solicitor who does not comply with Law Society Formula B undertakings and/or did not hold their client's part of the...
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31st Jul
Practice notes

Coronavirus (COVID-19)—professional conduct for in-house lawyers

Coronavirus (COVID-19)—professional conduct for in-house lawyersThis Practice Note reflects advice issued by the SRA and Law Society on the impact of...
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31st Jul
tag iconCOVID-19 tag iconIn-house
Q&As

Can legal executives give undertakings and what should I say about this in my undertakings policy?

Can legal executives give undertakings and what should I say about this in my undertakings policy?From the Solicitors Regulation Authority’s (SRA)...
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31st Jul
Q&As

What should I do if the other side fails to discharge the firm from a completed undertaking?

What should I do if the other side fails to discharge the firm from a completed undertaking?An undertaking is a commitment by a solicitor to do...
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31st Jul
Q&As

Can I formally discharge an undertaking if I have ceased to act for a client and cannot make contact with them?

Can I formally discharge an undertaking if I have ceased to act for a client and cannot make contact with them?We would refer you to Practice Note:...
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31st Jul
Practice notes

In–house lawyers' guide to the SRA Handbook 2011 [Archived]

In–house lawyers' guide to the SRA Handbook 2011 [Archived]This Practice Note provides an overview of the SRA Handbook 2011 (the Handbook), focusing...
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31st Jul
Practice notes

Working with foreign lawyers—the Registered Foreign Lawyer (RFL) regime

Working with foreign lawyers—the Registered Foreign Lawyer (RFL) regimeThe Solicitors Regulation Authority (SRA) operates a registration regime for...
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31st Jul
tag iconIn-house
Practice notes

What is a solicitor's undertaking?

What is a solicitor's undertaking?An undertaking is a commitment by a solicitor to do something. It can be enforced against the solicitor by the...
Read More >
31st Jul
Practice notes

Undertakings and the SRA 2019

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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31st Jul
Practice notes

SRA enforcement strategy

SRA enforcement strategyThe Solicitors Regulation Authority (SRA) has a published enforcement strategy setting out its approach to enforcement,...
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31st Jul
Practice notes

Working with European lawyers—the Registered European Lawyer (REL) regime

Working with European lawyers—the Registered European Lawyer (REL) regimeAt 11 pm (GMT) on 31 December 2020, the Brexit transition/implementation...
Read More >
31st Jul
tag iconBrexit
Practice notes

SRA regulatory regime—from 2019

SRA regulatory regime—from 2019The way the Solicitors Regulation Authority (SRA) regulates the solicitors’ profession has been evolving since its...
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31st Jul
Practice notes

Looking to the future: SRA review of the accounts rules [Archived]

Looking to the future: SRA review of the accounts rules [Archived]The SRA Accounts Rules are due for an overhaul. Following two earlier reviews, the...
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31st Jul
Practice notes

Looking to the future: SRA review of the Principles and Code of Conduct [Archived]

Looking to the future: SRA review of the Principles and Code of Conduct [Archived]Less than five years since the SRA Handbook 2011 came into force in...
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31st Jul

Popular documents

Rescission of a contract

Rescission of a contract

Rescission of a contractWhat is rescission of a contract?The remedy of rescission is available to a party whose consent, in entering into a contract, has been invalidated in some way:•the effect of rescinding a contract is to extinguish it and restore the parties to their pre-contractual

AML and counter-terrorist financing—source of funds and source of wealth

AML and counter-terrorist financing—source of funds and source of wealth

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 Laundering and Financing of Terrorism thematic review, published in March 2018. Its findings included that:•most firms understood the distinction between

The commercialisation of sport

The commercialisation of sport

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant

Sentencing fraud offences committed by individuals

Sentencing fraud offences committed by individuals

Sentencing fraud offences committed by individualsThe Sentencing Council (SC) has produced sentencing guidelines for fraud offences under the Fraud Act 2006 (fraud by false representation, fraud by failing to disclose information and fraud by abuse of position), false accounting under section 17 of