14 December 2020
Money laundering is when criminals 'clean' the proceeds (the financial gains) of crime. Criminals transform proceeds into assets, such as houses or companies, or other seemingly legitimate funds, for example, money in a bank account. In some cases, laundered money is used to fund terrorism.
14 December 2020
Feedback on last year's Annual Review indicated that people were looking for more concise and targeted information on the areas of our work they were most interested in.
10 December 2020
There is a longstanding overrepresentation of certain groups – men and people from a black, Asian and minority ethnic (BAME) background – in our enforcement processes, as is widely seen across many regulators and sectors.
25 November 2020
We are a supervisory authority under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“the regulations”). We have a role in checking firms are complying with the regulations and ensuring they have effective AML policies controls and procedures in place.
17 November 2020
In response to recommendations in the December 2016 Competition and Markets Authority report on how the legal sector was working for consumers, the regulators agreed a three-year development plan for Legal Choices. This report sets out what we did and looks ahead to the next stages.
16 November 2020
Welcome to our new Risk Outlook for 2020/21. The Outlook sets out our view on the key risks and challenges currently facing the profession, helping you to take steps to protect both your firm and your clients.
1 December 2020
The primary object of the Compensation Fund (the Fund) is to replace money which a defaulting practitioner or a defaulting practitioner's employee or manager has misappropriated or otherwise failed to account for.
15 October 2020
This report provides a summary of our wider evaluation into the impact of the SRA Transparency Rules, one year on from these being fully implemented.
2 September 2020
Thematic review: We wanted to know more about the experiences of firms that had been targeted by cybercriminals.
14 August 2020
Thematic review: A thematic review to enhance our understanding of typical schemes and explore how and why solicitors become involved
