The Solicitors Regulation Authority (SRA) has published important guidance on sanctions compliance in its latest update. This reinforces the need for firms to maintain robust systems and controls under the UK sanctions regime. Find the full guidance here. Key Messages… Read More »SRA Update: Sanctions Information – 11 November 2025
The Solicitors Regulation Authority (SRA) recently published a thematic review on source of funds and wealth compliance, highlighting key challenges and best practices for firms. For small law firms, where resources are often stretched, understanding these requirements is essential to… Read More »Mastering Source of Funds and Wealth Compliance
The Solicitors Regulation Authority (SRA) has published its AML Annual Report for 2024–25, highlighting progress, challenges, and priorities in tackling money laundering within the legal sector. This year’s report underscores the SRA’s commitment to proactive regulation and risk-based supervision. The… Read More »SRA Anti-Money Laundering Annual Report 2024–25: Key Insights
The regulatory landscape for Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) is undergoing a significant transformation. The UK government has announced plans to unify the regulation of AML and CTF under the Financial Conduct Authority (FCA), with the Solicitors Regulation… Read More »Navigating AML and CTF Regulatory Changes
Following the High Court’s decision in Mazur v Charles Russell Speechlys, the Solicitors Regulation Authority (SRA) has now issued a formal statement, offering much-needed clarification for legal professionals and firms navigating the implications of the ruling. SRA’s Key Message: No… Read More »SRA responds to Mazur Case
In the recent High Court decision in Mazur v Charles Russell Speechlys, the defendants—acting in person—requested that the individual representing the claimants be replaced by a solicitor with a valid practicing certificate. Although the court initially imposed a stay, it… Read More »Implications of the Mazur Case for litigants
As law firms continue to navigate the complexities of client money compliance, Hazlewoods — a leading firm of business advisers and accountants — has released its annual SRA Accounts Rules audit round-up for the 2024 calendar year. With over 150… Read More »Navigating SRA Accounts Rules: Key Insights from Hazlewoods’ 2024 Audit Round-Up
Suspicious activity reporting isn’t just a regulatory checkbox—it’s a vital part of protecting your firm and the wider financial system. In Update 143, the Solicitors Regulation Authority (SRA) has placed renewed emphasis on the importance of high-quality Suspicious Activity Reports… Read More »A Fresh Look at Suspicious Activity Reporting
In the fight against financial crime, small law firms play a crucial frontline role. The Solicitors Regulation Authority (SRA) has reinforced this responsibility in its Update 143, published in September 2025, which outlines new measures to strengthen intelligence sharing across… Read More »Intelligence Sharing and AML: What Law Firms Need to Know from the SRA Update 143
In an era of increasing financial crime sophistication, small law firms must remain vigilant and proactive in their anti-money laundering (AML) efforts. The Solicitors Regulation Authority (SRA) has recently updated its sectoral risk assessment following the UK Government’s latest National… Read More »Strengthening Your Defences: SRA Guidance Update 143 – 10 September 2025