City watchdog accused of ‘massive overreach’ in motor finance clampdown Legal The Financial Conduct Authority (FCA) has been accused of a “massive overreach” following letters sent to law firms and claims management companies (CMCs) requesting batches of information under the new Digital Markets, Competition and Consumers law. The FCA sent letters in August, seen by City AM, requesting information on the law firms’ motor finance services, [...]
Legal sector feeling subdued as regulator loses its AML powers Legal The Treasury’s decision to transfer oversight of anti-money laundering and counter-terrorism financing supervision to the FCA has sparked concerns within the professional services sector. The Solicitors Regulation Authority (SRA) served as a Professional Body Supervisor (PBS) for AMLCT for law firms across England and Wales, while for the accountancy sector, the HMRC plays the supervision [...]
FCA to take control of anti-money laundering supervision of professional service firms in major reform Prof Services The government’s reform of anti-money laundering and counter-terrorism financing supervision will significantly change and diminish the roles of the legal regulator and HMRC. Today, the Treasury revealed the outcome of its consultation on reforming anti-money laundering and counter-terrorism financing supervision, primarily for professional services, by creating a Single Professional Services Supervisor (SPSS), with the Financial [...]
Law firms slammed by regulator over risky client practices on high-volume claims August 22, 2025 The legal regulator has criticised law firms that handle high-volume consumer claims for poor practices that could harm the public, warning that urgent improvements are needed.
Horizon fallout: How the SRA is turning up the heat on City firms August 19, 2025 Following the Post Office Horizon scandal, the SRA is turning up the heat on in-house solicitors. Here's what it means for City firms.
Carter-Ruck’s libel lawyer referred to Disciplinary Tribunal August 7, 2025 A partner at the City-based law firm Carter-Ruck, renowned for its libel work, was referred to a prosecution hearing by the legal regulator over an “improper” threat to sue
Lawyer for Nadhim Zahawi seeking to appeal misconduct Tribunal ruling August 5, 2025 The Osborne Clarke lawyer who was found guilty of misconduct for his attempt to silence Dan Neidle on a story over Nadhim Zahawi’s tax affairs is now seeking an appeal.
‘Disgraceful’ claims firms slapped down over ads ahead of motor finance ruling August 4, 2025 As Lord Justice Reed was about to read out the Supreme Court's decision on the motor finance case, he hit out at claim management firms for jumping ahead of the gun
Regulators crack down on ‘bad practice’ in motor finance claims ahead of ruling July 31, 2025 The SRA and FCA teamed up to issue warnings over 'poor practices' in motor finance claims ahead of the Supreme Court ruling
Legal watchdog re-examines Jonathan Reynolds solicitor claim February 25, 2025 The legal regulator said it will look at the Jonathan Reynolds claim to be a solicitor again after it became "aware of further information"