Thursday 9 September 2021 London, UK, 30 Euston Square Join us in London for our face-to-face conference exploring the future of regulation. Offering insights from different sectors – from utilities to education, financial to legal services – this free event is for anyone interested in discussing how we regulate to meet the future needs of…
FTI Consulting release report on the role of cryptocurrencies in AML
FTI Consulting has released a report outlining some of the dangers present in the regulation of cryptocurrencies in relation to AML. The report looks at various examples of cryptocurrencies being used for money laundering purposes, as well as looking at some of the regulatory responses that have been put in place. The full report is…
SRA to increase AML checks on law firms
The Solicitors Regulation Authority (SRA) has announced that they will be increasing checks on law firms after it found that 21 percent of the 400 firms consulted were not complying with anti-money laundering regulations. The majority of firms were using templates and these firms’ risk assessments were generally of lower quality as firms appeared to take…
ICLR Conference 2019
ICLR 2019: Changing societies, changing professions, changing regulation Thursday 5 – Friday 6 September 2019 Waldorf Astoria Edinburgh – The Caledonian This year’s ICLR conference will focus on the the theme of change: How the demands that society has of the legal sector are changing and how the legal profession is itself changing (in terms…
2018 Conference Preview: Trust & Transparency
Trust and Transparency – Friday 5th October Synopsis To present the challenges presented by the expectation of members of the public who use legal services around the trust in the way in which those services are regulated and the transparency allied to that including the challenges presented in the legal services market around transparency of…
Solicitors Regulation Authority takes steps to promote innovation
Following consultation last year, the SRA Innovate initiative will continue to encourage the development of new services while ensuring proper safeguards for the public are in place. Early indications from the pilots are that this type of facility is useful for small firms, larger providers and new entrants to the legal services market. The opportunity…
Update on legal and regulatory reforms in Nigeria
Back in September 2017 we reported on the Nigerian Bar Association’s legal and regulatory reform objectives. Since then a number of initiatives have been undertaken. The NBA President, Abubakar Balarabe Mahmoud, recently attended a meeting with the Body of Senior Advocates of Nigeria (BOSAN) and presented them with a number of documents for review: An executive summary…
Request for input: remuneration policy
Motlatsi Barnabas Molefe, Chief Executive Officer of the Attorneys Fidelity Fund South Africa has contacted ICLR.net to request the assistance of fellow ICLR members. They are in the process of reviewing their own remuneration policy and they have been requested by their Remuneration Committee to compare with international trends. They are not looking for salary figures,…
The Federation of Law Societies of Canada: AML update
The Federation of Law Societies of Canada (the “Federation”) is in the midst of a consultation with its members, the 14 provincial and territorial regulators of the legal profession, on proposed amendments to the Model Rules that have formed the cornerstone of the law societies’ fight against money laundering and the financing of terrorist activities…
International Conference of Legal Regulators 2017: Keynote address
Keynote address by Senior Minister of State for Law and Finance Ms Indranee Rajah SC Mr Gregory Vijayendran, President, Law Society of Singapore, distinguished guests, ladies and gentlemen, Introduction I am delighted to join all of you here today at the sixth edition of the International Conference of Legal Regulators. Let me begin by first…