The Solicitors Regulation Authority (“SRA”) confirmed in March that it will be writing to a “large number” of firms (400) asking to see evidence of compliance with the Money Laundering Regulations 2017 (“MLR 2017”). A failure to respond to the SRA request can have regulatory and criminal consequences. This action is taken under powers set out in the SRA […]

  Another damning report has been released highlighting the extent to which the UK’s rules around company formation aren’t fit for purpose. Last week’s report from Global Witness exposes how criminals and the corrupt are exploiting the gaping loopholes in the UK company register. The UK introduced the world’s first publicly available register of beneficial […]