On 6 August 2025, HM Treasury published its long-awaited response to the 2024 consultation on the Money Laundering Regulations (MLRs). The proposed amendments aim to… Read More »MLRs Consultation Response – 6 August 2025
On 17 July 2025, the UK Home Office and HM Treasury published the latest National Risk Assessment (NRA) on Money Laundering and Terrorist Financing [1]… Read More »UK National Risk Assessment – 17 July 2025
On 17 July 2025, the Office of Financial Sanctions Implementation (OFSI) launched a suite of new online forms designed to streamline the process of licence… Read More »OFSI Launches Online Forms
On 10 July 2025, the UK government made a significant change to the Proceeds of Crime Act 2002 (POCA) by increasing the threshold for two… Read More »POCA Thresholds Increased
On 13 June 2025, the Financial Action Task Force (FATF) released its latest update on jurisdictions under increased monitoring (commonly referred to as the grey… Read More »Understanding the FATF Grey and Black Lists – 13 June 2025 Update
On 4 June 2025, the Solicitors Regulation Authority (SRA) issued Update 140, highlighting the findings of the Office of Financial Sanctions Implementation (OFSI) in its… Read More »Sanctions Compliance Risks: What SRA OFSI Findings Means for Law Firms
In May 2025, the Solicitors Regulation Authority (SRA) announced significant reforms to its fining regime, marking a new chapter in how financial penalties are applied… Read More »SRA ECCTA Fining Regime Reforms – 12 May 2025
On 8 May 2025, the Solicitors Regulation Authority (SRA) published its 2025/26 Business Plan, setting out its strategic priorities for the final year of its… Read More »SRA’s 2025/26 Business Plan – Strengthening AML and Ethical Standards – 8 May 2025
In a landmark move that could reshape the legal landscape, the Solicitors Regulation Authority (SRA) approved the UK’s first AI-only law firm, Garfield.Law Ltd, in… Read More »SRA Approves First AI-Only Law Firm – 6 May 2025
On 24 April 2025, the Serious Fraud Office (SFO) released updated guidance aimed at helping businesses—including small law firms—understand how to raise concerns about suspected… Read More »SFO Guidance on Deferred Prosecution Agreements (DPAs) – 24 April 2025