Law firms will be subjected to rigorous checks on their anti-money laundering obligations, the Solicitors Regulation Authority (SRA) has warned. It said it will shortly be writing to an initial sample of 400 firms asking them to demonstrate compliance with the government’s 2017 Money Laundering Regulations. In the past five years, more than 60 cases have been taken to the Solicitors Disciplinary Tribunal and 40 solicitors have been struck off, voluntarily come off the roll, or been suspended from practising. Paul Philip, SRA Chief Executive, said: ‘Money laundering is far from being a victimless crime.’
20 March 2019
Laundering checks ahead
MOVERS & SHAKERS
Haynes Boone—Jeremy Cross
Firm strengthens global fund finance practice with London partner hire.
DWF—Stephen Webb
Partner and head of national planning team appointed
mfg Solicitors—Nick Little
Corporate team expands in Birmingham with partner hire
NEWS
Contract damages are usually assessed at the date of breach—but not always. Writing in NLJ this week, Ian Gascoigne, knowledge lawyer at LexisNexis, examines the growing body of cases where courts have allowed later events to reshape compensation
The Supreme Court has restored ‘doctrinal coherence’ to unfair prejudice litigation, writes Natalie Quinlivan, partner at Fieldfisher LLP, in this week' NLJ
The High Court’s refusal to recognise a prolific sperm donor as a child’s legal parent has highlighted the risks of informal conception arrangements, according to Liam Hurren, associate at Kingsley Napley, in NLJ this week
The Court of Appeal’s decision in Mazur may have settled questions around litigation supervision, but the profession should not simply ‘move on’, argues Jennifer Coupland, CEO of CILEX, in this week's NLJ
A simple phrase like ‘subject to references’ may not protect employers as much as they think. Writing in NLJ this week, Ian Smith, barrister and emeritus professor of employment law at UEA, analyses recent employment cases showing how conditional job offers can still create binding contracts
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