Archives: Conduct, practice and risk management

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Source of funds/wealth – reminder

April 2025 | Conduct, practice and risk management

The SRA has imposed the maximum fine that it can impose on recognised bodies of £25,000 for AML failings. The firm acted for a non-domestic politically exposed person (PEP) and their associated companies across 36 matters. The matters consisted of residential property purchase transactions, refinancing and reassignment work. The SRA’s report reminds us that: ‘2.3 …

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SRA no win, no fee – public guide

March 2025 | Conduct, practice and risk management

In an interesting departure, the SRA has produced guidance for the public on the use of no win, no fee agreements. Some commentators have questioned whether this is an appropriate step for a regulator – but whatever the merits, the regulated community should be reading the advice that the SRA is handing out. The SRA …

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