SRA Should Not Condemn Lawful Tax Avoidance

Law360 (May 17, 2019, 1:05 PM EDT) -- The Solicitors Regulation Authority of England and Wales has just announced a crackdown and investigation against 26 firms over alleged failures in their anti-money laundering procedures.

The SRA move appears to arise, at least in part, out of its investigations and warning regarding tax avoidance issued to law firms in late 2017.

Given that the both the original warning and the ensuing investigations raise potential money laundering issues, it may be that the SRA’s overarching objective is to ensure that law firms comply with not only with SRA regulations, but also the broader AML issues as the two are inextricably linked.     ...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!