What will the GDPR mean for your practice?
Legal Eye are set to prepare firms for one of the biggest legislative changes to date while in attendance at the largest event on the conveyancing calendar, this month.
Solicitors urged to check frozen asset list
Solicitors have been urged to check the HM Treasury frozen assets review to make sure they are not holding monies belonging to a client that is subject to financial sanctions.
Should will writing be regulated?
A briefing paper on the regulation of will writing was released by the House of Commons last month.
Money Laundering Regulations
Introduction. The Anti-Money Laundering Regulations 2017 is the latest EU Directive on Anti-Money Laundering, it supersedes the Money-Laundering Regulations 2007 and the EU’s Third Anti-Money Laundering Directive. Approved by parliament on the 26th of June 2017, it’s at the forefront of anti-money laundering in western Europe. It puts greater emphasis on the offences of aiding […]
New Risk Outlook: Are you up to date?
The Solicitors Regulation Authority have today (25/07/17) released their new Risk Outlook for 2017/18.
SRA highlights publication of Treasury money laundering regulations
The Solicitors Regulation Authority (SRA) is working on new guidance for law firms, which it aims to publish shortly, following the announcement of new money laundering regulations today (Friday 23 June) by the Treasury.
Are you up to date with regulatory requirements?
Legal Eye are set to host the latest Certainty Expert Webinar, presented by Helen Glaze.
Law firms tune into Emerging Risks webinars
Law firms are facing a number of key regulatory changes over the coming months against a backdrop of increasing fraudulent activity and cyber-crime challenges.
LPAs best left to professionals?
Growing numbers of law firms are joining the various organisations, representing vulnerable and older people, in raising concerns over a governmental tool to creates LPAs online
Financial abuse cuts LPAs short
Local authorities are striking off record numbers of those trusted with the finances of an individual lacking mental capacity.
Complicated family circumstances necessitate complex will writing
It no longer seems enough for a client to simply exclude a family member, in particular a young or adult child, from their will. Concerns have been raised that a parent must be able to be proved justified and reasonable in their decision to disinherit a child, otherwise it may be overruled. The law of […]
What does Regulation 650/2012 mean for your clients?
Regulation (EU) 650/2012 (Brussels IV) came into force on 17th August 2012 and will apply fully to deaths occurring on, or after, 17th August 2015. The Regulation attempts to harmonise the private international law rules of succession throughout the EU, without creating a completely new set of succession laws. However, it will only be relevant […]
Fourth Money Laundering Directive (4ML) updates
This year will see another push to increase co-operation between public institutions and the financial sector to crack down on illicit money flows such as money-laundering, terrorist-financing and corruption. A major provision of the Fourth Money Laundering Directive (4ML) is the compulsory introduction of Registers of Beneficial Ownership in all EU countries. The registers will […]
Are you prepared for the Court of Protection (Amendment) Rules 2015 coming into force on 1st July?
In 2005 the Mental Capacity Act created the Court of Protection which specialises in all issues relating to people who lack capacity (P) to make decisions. The overriding objective of the court is to ensure that all decisions made on behalf of P are done so in their best interests. The Court of Protection (Amendment) […]
Deregulation Act 2015 comes into force
The Government have passed amendments to the Deregulation Bill that states probate practitioners can now be licenced by the Council for Licensed Conveyancers (CLC) — without requiring to qualify as a conveyancer. Having completed the Third Reading stage at the House of Lords, the bill then successfully received Royal Assent on 26th March 2015. Now […]
Proposals continue SRA's regulatory reform
The Solicitors Regulation Authority (SRA) has launched a further raft of proposals to reduce the regulatory burden on law firms. The SRA Regulatory Reform programme was launched in May 2014 and aims to remove unnecessary regulatory barriers and restrictions and enable increased competition, without removing vital protections for consumers of legal services. A number of […]
Finance Bill 2015 draft clauses released
This afternoon (10th December 2014) the draft publication of the Finance Bill 2015 was released, with many of the measures having been announced by George Osborne in the recent Autumn Statement. Today’s Wills & Probate look into the relevant changes that may affect consumers within the will writing, probate, and financial planning industries. As declared […]
4th EU Money Laundering Directive still provoking debate over publicly accessible register
Discussions within the European Union (EU) regarding the new Money Laundering Directive remain at a standstill, as the EU Parliament have put forward a request to have a set of publicly accessible registers listing owners of foundations and trusts. This 4th EU Money Laundering Directive was initially proposed in 2013 as a way of tackling […]
Financial Eye – Regulatory update
We have seen increasing levels of activity from the SRA as part of their stated plans to further engage with firms. They appear to be paying particular interest in two areas, that is, financial stability and adherence to the SRA Accounts Rules 2011. With regard to financial stability, some firms are being asked to provide […]
Family members set to lose out on inheritance
New legislation coming into force on 1st October 2014 is prompting wills and probate experts to encourage people to use a qualified solicitor when writing and making amendments to their will. As part of the “Use a Professional. Use a Solicitor” campaign, the Law Society president Andrew Caplen is advising, “Dying without a valid will […]
