Barristers present a ‘very low risk’ when it comes to money laundering and should not have to pay fees for an Office for Professional Body Anti-Money Laundering Supervision (OPBAS), the Bar Council has argued. In a robust response to the Financial Conduct Authority’s proposal that barristers pay fees towards the proposed regulatory body, the Council questions why it should pay for ‘a supervisor’s supervisor’ that is required because of ‘the activities of estate agents and accountants’. It points out that ‘there are no historic examples in the public domain of barristers engaging in money laundering or terrorist financing activities on behalf of their clients’.
18 January 2018
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MOVERS & SHAKERS
Gibson Dunn—Richard Surtees
Gibson Dunn adds employee benefits and executive compensation practice in London with partner Richard Surtees
Laytons ETL—Alec Cameron
Laytons ETL appoints new partner and head of intellectual property disputes
Muckle LLP—Roland Fairlamb
Specialist associate solicitor rejoins Muckle’s leading employment team
NEWS
A series of recent decisions has clarified important principles across property law, from perpetuities to lease renewals and public rights over land
Employers cannot rely on wellbeing services alone to defend workplace stress claims after a High Court decision awarding almost £1m to an overworked employee
Andy Burnham's brand of 'Manchesterism' could offer fresh thinking on legal aid and access to justice if it reaches Westminster, according to Roger Smith, NLJ columnist and former director of JUSTICE
The constitutional fallout from a change of prime minister, rather than the politics, is under scrutiny as questions arise over the limits of executive authority in a leadership transition
The legal profession is undergoing a fundamental shift from selling services to creating technology-enabled products, according to Professor Luke Mason, Head of School of Law at Regent's University London
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