UK Regulation

SRA Bars Apprentice Over Forged Supervisor's Signatures

By Marialuisa Taddia

A solicitor apprentice has been banned from working in the legal profession by a legal watchdog for allegedly falsifying the signature of his supervisor.

SRA Bars Manager For Forging Signature, Misusing Loan

By Marialuisa Taddia

The Solicitors Regulation Authority said Wednesday that a law practice manager who misappropriated a £300,000 ($407,000) loan and forged the firm owner's signature has been barred from the profession.

Tweaks To AML Regs Offer Flexibility But Only Modest Change

By Christopher Crosby

Plans to reform the U.K.'s fight against dirty money promise to cut red tape and strengthen ties between enforcement bodies, but lawyers say they are not convinced the measures will reduce their compliance burden or fundamentally strengthen the regime.

Legal Watchdogs Face Disconnect As UK Chases Growth

By Marialuisa Taddia

The U.K. government is urging legal regulators to foster innovation and economic growth, but experts say agencies' lingering risk aversion after failing to see several high-profile collapses coming is creating a disconnect between policy goals and regulatory action.

AML Reforms Are Missed Opportunity, Law Society Says

By Christopher Crosby

The government's proposed updates to anti-money laundering regulations will do little to ease the compliance burden on law firms and are a "missed opportunity" to cut unnecessary rules, the body representing solicitors said on Tuesday.

BSB Agrees To Targets After Failing Performance Assessment

By Ashish Sareen

The Bar Standards Board has committed to ensuring it is on track to implement reforms and improve its regulatory performance after the legal industry's oversight watchdog reported that it had failed to meet the required standards in its annual assessment.

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