SRA faces judicial review over alleged regulatory failures and calls for reform.
The UK legal profession stands as a cornerstone of justice, vital to the functioning of society and commerce. Yet, behind its esteemed reputation lies a crisis: corruption, complicity in financial crime, and regulatory inertia that enables misconduct to flourish. Recent cases and investigative insights expose the troubling depth of these issues, demanding urgent attention. A […]
The SRA’s recent imposition of over £57,000 in fines for AML breaches across five law firms signals a step towards stricter enforcement, but without significant penalties and proactive regulation, compliance will remain a manageable risk rather than a priority.
The Solicitors Regulation Authority faces scrutiny after being ordered to pay £189,000 in costs following a failed prosecution against Dentons. This raises critical questions about regulatory practices in the UK legal sector.
Explore the new powers granted to the SRA under the Economic Crime and Corporate Transparency Act 2023 to combat economic crime and enhance corporate transparency.