- SRA AML Audit Results in £23k fineA CQS accredited firm operating from two small offices in the south west has been hit with a £23,000 fine for failing to comply with AML regulations. Lexsure has announced a tenfold increase in weekly enquiries concerning their AML audit solutions since this fine was announced. CQS firm Batchelor Sharp was issued with the sanction… Read more: SRA AML Audit Results in £23k fine
- SRA AML Audits on the IncreaseI have seen a huge increase in calls today to our audit helpline from conveyancing firms selected by the SRA for an AML inspection. Not the sort of communication firms wish to receive on a Friday. Surely the SRA can send these communications between Monday and Thursday. Many of the firms that I am talking… Read more: SRA AML Audits on the Increase
- Should CQS firms Own a Search Company ?Let’s broaden the question, should any conveyancing practice also own their own search company? I came across the following wording recently in some Ts and Cs: Depending on the transaction, we may use one of several search companies. One of the search providers, {xxxxx} Limited, is a wholly owned subsidiary of {xxxxxx}, the parent company… Read more: Should CQS firms Own a Search Company ?
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