Robust anti-money laundering (AML) controls are critical for law firms. The SRA emphasizes practical compliance over mere documentation. A Reg 21 Independent AML Audit is essential for assessing risks, due diligence, and governance. As scrutiny intensifies, firms should prioritize these audits to foster a culture of compliance and avoid FCA sanctions.

The way conveyancers and solicitors interact with lender requirements is about to change. UK Finance has confirmed that a new Mortgage Lenders’ Handbook platform will go live on 29 June, bringing a full rebuild rather than a simple update. The new system is designed to improve security, resilience, and day to day usability for legal… Read more: Out with the Old, In with the New: The UK Finance Mortgage Lenders’ Handbook is Moving

For conveyancing firm, the Bank of Scotland fine earlier this your should be a “loud” warning. In property transactions, where you are dealing with high-value assets and often complex ownership structures, a “near miss” on a name could lead to a total freeze of the transaction, or worse, a heavy fine and a report to… Read more: SRA Update 147: Are Your Sanctions Checks Compliant After the Bank of Scotland Fine?