Verify 365
November 27, 2023
Binance’s Compliance Challenges and the Role of Technology in AML Efforts Recently, the cryptocurrency exchange Binance faced significant legal challenges when its CEO, Changpeng Zhao, pleaded […]
November 27, 2023
Ashfords, a prominent law firm in the South-West, has been subjected to a substantial fine of £101,357 due to inadequacies in handling potential money laundering risks […]
November 21, 2023
The Economic Crime and Corporate Transparency Act, receiving royal assent on 26 October 2023, introduces significant reforms in the UK’s approach to corporate transparency and the […]
November 20, 2023
A recent review by the Council for Licensed Conveyancers (CLC) has revealed a significant compliance gap in anti-money laundering (AML) practices among licensed conveyancers. The CLC’s […]
November 17, 2023
In the fast-paced legal sector, law firms are continuously seeking ways to manage their operations more efficiently and effectively. The rise of unified legal practice management […]
November 17, 2023
The Solicitors Regulation Authority (SRA) has recently implemented its first set of fixed penalty notices, targeting firms that have failed to adhere to transparency rules. This […]
November 17, 2023
In a recent development impacting the real estate sector, the Australian government is considering reforms to the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act that would […]
November 16, 2023
AML regulations are in a constant state of change and it is a tough challenge for law firms to ensure adherence to compliance and prevent exposure […]
November 13, 2023
In a decision that underscores the legal sector’s stringent stance on anti-money laundering (AML) compliance, two licensed conveyancers have been handed permanent disqualifications following a serious […]