News stories, articles and events that may be of interest to our community of legal regulators.
Legislation to strengthen Australia’s anti-money laundering and counter-terrorism financing regime has passed parliament
Australia has strengthened its anti-money laundering and counter-terrorism financing (AML/CTF) regime with the passage of the AML/CTF Amendment Bill 2024 through Parliament. This legislation is…Enhanced productivity for law firms in Singapore with the integration of microsoft copilot into the legal technology platform
On 11 September 2024, the Ministry of Law (MinLaw) in Singapore, in collaboration with technology providers Lupl and Microsoft, has launched the ‘Copilot for SG…Victorian Legal Services Board and Commissioner statement on the use of AI in Australian legal practice
The Victorian Legal Services Board and Commissioner (VLSBC), alongside other legal bodies in Australia, has issued a new statement on 6 December 2024 on the…ICLR 2024 conference in-depth report – part 2
This second of two special editions of ICLR news reports on some of the breakout sessions that took place at this year’s ICLR conference held…ICLR 2024 conference in-depth report – part 1
This first of two special editions of ICLR news provides an in-depth report of the recent ICLR 2024 conference, together with a round-up of some…Group of 7 Bars and Law Societies Statements on Artificial Intelligence (AI)
The Japan Federation of Bar Associations (JFBA) has endorsed a significant international declaration, the “G7 Bars’ Statement on Artificial Intelligence (AI),” which was officially supported…Solicitors Regulation Authority: Convictions highlight Chinese ‘underground banking’ danger
The recent convictions of seven individuals involved in a Chinese underground banking network highlight the complexities and risks associated with money laundering through informal value…Law Practices at risk of losing client money, and their reputation
The recent sentencing of Victorian paralegal Athena Razos to over five years in prison for embezzling $1.56 million from a prominent Australian law firm has…Legal Services Regulatory Authority of Ireland publishes legal partnerships draft regulations
The Legal Services Regulatory Authority (LSRA) of Ireland is on the brink of introducing a new regulatory framework tailored for legal partnerships, marking a significant…Anti Money Laundering Suspicious Activity Reports thematic review initial findings
The Law Society of Scotland’s Anti-Money Laundering (AML) team has published initial findings from its thematic review of Suspicious Activity Reports (SARs), indicating robust procedures…The role of regulation in promoting diversity – or why the regulator should not stay out of the way
In a recent blog post, Mark Neale, Chief Executive of the Bar Standards Board of England and Wales, rebutted the suggestion from the Chair of…Anti-Money Laundering vulnerabilities analysis
The Law Council of Australia recently commissioned an independent analysis of the risks facing the Australian legal profession in relation to money laundering and terrorism…