AML Firmwide Risk Assessment
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HMRC Tax Adviser Registration: The SDLT & Conveyancing Trap
As of May 2026, tax advisers in the legal sector, particularly conveyancing practices, must complete mandatory HMRC registration, which hinges on Anti-Money Laundering (AML) compliance. Firms must update their AML policies, prepare for thorough audits, and ensure all relevant individuals are vetted to avoid registration refusal and filing blocks.
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Firmwide Risk Assessment: Time for a Refresh?
For many firms, the Firmwide Risk Assessment is a document that sits in a digital drawer, updated only when the SRA sends a nudge. But as we move through 2026, the regulatory landscape has shifted. The Money Laundering and Terrorist Financing (Amendment) Regulations 2026 have arrived, and with them, a new set of expectations that…