Archives: Conduct, practice and risk management

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Conveyancing firm – major IT outage

December 2021/January 2022 | Conduct, practice and risk management

Most practitioners in the property arena will have heard of the recent IT problem experienced by one of the biggest CLC regulated conveyancing groups. Few can argue against the benefits brought to law firms by IT systems – but the risk to large businesses is laid bare by this recent incident. The current problem has …

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SRA – AML

November 2021 | Conduct, practice and risk management

We reported in our October 2021 edition (p24) on the National Risk Assessment produced by OPBAS. The SRA has just published its first professional supervisor report as required by the money laundering regulations, guidance from OPBAS and the Treasury. The SRA reports that it carried out 85 firm visits and 168 desk-based reviews. The most …

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