Members’ Update 14th December 2022
Summary of 2022 online course releases: neurodiversity, allyship, domestic abuse, how to challenge
Firm fined for AML compliance failures
The Solicitors Regulation Authority (SRA) has fined the conveyancing firm, Ferguson Bricknell Solicitors, £20,000 ($24,400) for falling short of its anti-money laundering (AML) obligations. The firm also had to pay £1,350 for the cost of the SRA probe. The fine was issued under a regulatory settlement agreement following an investigation by the SRA. The investigation […]
New Course: Fraud & Market Abuse — A Practical Overview
For firms involved in the financial markets, it is fairly easy to get caught up in illegal market abuse practices without even realising it. The temptation is great for staff members to trade on insider information or exploit the firm’s resources to try to manipulate the market. In many cases, the lines between what is […]
New course: FCA Safeguarding — Keeping our Customers Safe
The Financial Conduct Authority (FCA) requires all non-bank payment service providers (PSPs) to perform safeguarding procedures. These procedures are designed to make sure that payments owed to customers are not at risk in the unlikely event that the firm could suddenly go into liquidation or be otherwise unable to make a payment. The most common […]
UK MDR to come into force on 28 March 2023
The International Tax Enforcement (Disclosable Arrangements) Regulations 2023 (UK MDR) regulations, were laid before the House of Commons on 17 January 2023. UK MDR will come into force on 28 March 2023. Any UK arrangements entered on or after 28 March 2028 must be reported to HMRC under UK MDR (and not UK DAC6). HMRC will open a new portal to […]
Guide to anti-money laundering independent audits: Download now and know what to expect
UK law firms subject to the Money Laundering Regulations are required to establish an independent audit function to examine, evaluate and make recommendations regarding the adequacy and effectiveness of their practice’s anti-money laundering and counter-terrorist financing policies, controls, and procedures. Our guide will help you understand the five main stages of an external independent audit. […]
Do I need to report this under RIDDOR?
“Do I need to report this under RIDDOR? Under the Reporting of Injuries, Diseases and Dangerous Occurrence Regulations 2013 (RIDDOR), the following work-related accidents must be reported to the Health and Safety Executive (HSE). Please note that the downloadable checklist, especially in terms of dangerous occurrences, is not an exhaustive list.
The 2023 Compliance Agenda: Download your guide to compliance in 2023
From new ESG regulations to a crackdown on bribery, rapid fluctuations in crypto currency, changes to the regulated sector and the ongoing conflict in Europe demanding a laser-like focus on the supply chain, 2023 looks set to demand even more from compliance professionals. We have created an in-depth guide to everything compliance in 2023. The […]
Procurement Bill introduced to Parliament
Expected changes to public sector procurement procedures and transparency obligations If your business is involved in public procurement or bidding for public contracts, you should know about the Procurement Bill which seeks to reform and rationalise the way public procurement works in England, Wales and Northern Ireland. In Scotland, the Bill will cover procurement for […]
The Coinbase settlement and the slow death of crypto
The crypto currency market soundly collapsed in 2022, but crypto currencies linger on. FTX, once valued at $32 billion, went bankrupt as its founder was arrested for perpetrating one of the biggest frauds in history. The market began to take a nosedive after Celsius Network, a former cryptocurrency lending company, announced it was pausing all […]
