Entries by ACLAdmin

SRA and SARs

SRA Discipline 26 Firms Following Severe Money Laundering Failings  26 Solicitors Regulatory Authority (SRA) regulated firms out of a sample size of just 59 law firms providing trust and company services (TCSP) have been placed into the SRA’s disciplinary process for inadequate money laundering procedures. The review focused on the creation and administration of trusts […]

New changes to CQS CPMS

a great article appeared in Legal Futures summarising the recent changes Updated CQS Core Practice Management Standards Enforced From May 2019 All accredited Conveyancing Quality Scheme (CQS) firms must adhere to the new Core Practice Management Standards (CPMS) from 1st May 2019. All CPMS regulations are now enforceable to all legal practices that have already […]

SRA updates its AML Risk Outlook

AML Risk Outlook Money laundering Why this risk matters The legal market can be an attractive target for those wishing to launder the proceeds of crime. In some cases, criminals instruct legal professionals to hold or transfer money because of the perceived legitimacy this offers The National Risk Assessment of Money Laundering and Terrorist Financing […]

BSB to amend Standard of Proof for misconduct

Watchdog to lower standard of proof in barrister misconduct hearings Prosecutors of barristers accused of breaching professional rules will no longer have to meet the criminal standard of proof, the watchdog for the profession has announced. The Bar Standards Board said that it would amend the standard of proof applied when barristers face disciplinary proceedings […]

Law Society ruling by ASA for CQS advertising

Subject: ASA ruling on CQS Background This Ruling replaces that published on 14 June 2017. The decision has been reversed, making the complaint upheld. Ad description A web page on the Law Society website www.lawsociety.org.uk, seen in November 2016, describing the Conveyancing Quality Scheme (CQS) accreditation, stated “All Law Society Conveyancing Quality Scheme firms go […]

Solicitor helped himself to money in client account after ‘tidying -up” exercise

A solicitor who helped himself to client money while carrying out what he claimed was a “tidying-up” exercise of historic client account balances has been struck off by the Solicitors Disciplinary Tribunal (SDT). The tribunal decided [1] that Vernon Burke’s actions showed a “lack of moral soundness, a lack of rectitude and no adherence to an ethical […]