The mere mention of the word Compliance tends to fill people with dread and many firms, Partners or owners continue to bury their heads in the sand. Many firms have changed the structure of their business support, showing that there is a significant shift from the misconception of ‘fee…
With all that is going on at the moment, it’s quite likely that you are not aware that the Government has introduced the Economic Crime (Anti-Money Laundering) Levy. This previously mooted levy, by way of the Finance Act 2022, achieved Royal Assent on 24th February. What is the Economic Crime…
The legal sector is vulnerable to money laundering – and we’re here to help law firms with compliance and training, and make sure you’re fully equipped to ‘stop the baddies’. The credibility of a law firm makes it an obvious target for money laundering…
After so long in lockdown, planning for the reopening of offices is no doubt at the top of your to do list, but what else needs looking at? Here are a few ideas we hope will assist in creating your Compliance Plan for the rest of 2021 and in looking forward to next year. Ongoing disruption caused by Covid has probably meant lots of…
Yesterday I had that email we all dread – “Hi Amy, I’ve had an email from one of your team and we think it’s a scam, just wanted to let you know.”…
On 23rd November 2020 the SRA released guidance which may have been missed on the radar of many of you. The purpose of the guidance was to draw to the attention of firms the need to consider whether they fell within the new definition of a tax adviser under The…
On 20th January 2021 the Legal Sector Affinity Group (LSAG) finally issued their new draft AML guidance for law firms. Since 2017 LSAG have agreed to issue one sector wide piece of guidance rather than…
In November 2019, the SRA introduced a new model of operating for so-called “freelance solicitors”. The intention was to allow solicitors greater flexibility when providing services. We were told that the changes took place as the regulator felt that the previous arrangements created an unnecessary and restrictive ‘artificial entity’ model…
In this Blog on some of the many queries received from our clients through our Ask Teal Service, we look at the most popular question we’ve had on how to deal with meeting your CDD obligations during a lockdown period.We are in unprecedented times and it’s unlikely you’ll be able…
In this Blog looking at some of the many queries received from our clients through our Ask Teal Service, we consider how to deal with compliance obligations remotely. How can we ensure compliance works remotely? The Solicitor’s Regulatory Authority will still expect compliance to happen and undoubtedly some elements of…
