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Regulatory Blog

30 August 2023

Legal advice: understanding the UK's revised Russia sanctions

Julie Norris and Alun Milford the UK's latest wide-ranging prohibition on legal advisory services connected with Russia

Julie Norris

24 August 2023

Law firms: radical reform on the cards for the future supervision of AML

  • Most England and Wales based law firms are regulated by the Solicitors Regulation Authority (SRA), including for anti-money laundering (AML) and counter terrorism (CT) purposes.
  • Under reforms currently being considered, responsibility for the supervision of AML and CT could be taken away from the SRA (and other legal regulators UK-wide), and given to a new body, meaning firms could be subject to dual regulation in future.
  • The consultation on this issue closes on 30 September 2023 and given the potential implications for law firms UK wide, is worth responding to.
Julie Norris

10 August 2023

AML and Sanctions Update for Legal Practitioners and Law Firms – August 2023

This blog covers some important developments in the AML world since our last quarterly update for legal practitioners and law firms.

Julie Norris

2 August 2023

What’s next for Botulinum Toxin - is the aesthetics market in need of reform?

The results of the UK’s largest academic study examining patients who experienced an adverse outcome following the aesthetic administration of Botulinum Toxin injections has been published in the ‘Skin Health and Disease’ journal this month.

18 July 2023

ICAEW duty to report misconduct extended to member firms

Last month, as part of its new disciplinary framework, the ICAEW broadened the Duty to Report Misconduct, both in scope (what must be reported) and application (who must report). 

We blogged on the updates to the previous Guidance on the Duty to Report Misconduct in 2020.  Three years later the net has widened further, this time with potentially significant ramifications for ICAEW member firms. 

Lucy Williams

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