SRA UpdateIssue 61 – March 2017Welcome to the latest issue of SRA Update. We have a lot for you, and the first item is yet again on cybercrime. As we have said before, this is a problem that will not be going away any time soon – it’s certainly escalating. Criminals are always looking for new ways to obtain sensitive data or money, so none of us can rest on our laurels. We must all assess the risks that these criminals pose and take appropriate action so that client and firm money is kept safe. We do not want to see any rise on the reported £7 million of losses we heard about last year. Also in this issue, we look at the survey we will soon be carrying out on the financial services activity of your firm so that we can report back properly to the FCA, and details of the way we make information available about our work. CybercrimeCybercrime continues to be a priority risk for us, as new scams are emerging all the time. Criminals are always looking for new ways to extort or extract money or sensitive information from you and your firm. You should therefore continually assess your processes and staff awareness, and mitigate against any risks. MoreFinancial activitiesDo you carry out financial activities for clients as part of your legal work? If you do, you will either need to be authorised by the Financial Conduct Authority or satisfy yourselves that you can rely on an exemption through our regulation. Not all firms are reporting on their work at firm renewal time, so we will be in touch soon to make sure your data is accurate. MorePublication documentsWe routinely publish a whole host of documents to explain our work or show our decisions. We have launched three new information compliance products. MoreSolicitors, attorneys and willsWe have issued guidance on the issue of whether or not a solicitor can give an attorney a copy of a donor's will. This guidance has been produced jointly by us in partnership with the Legal Ombudsman, the Law Society and the Society of Trust and Estate Practitioners. MoreCriminal chargesThere have been continued reports in the media of solicitors falling foul of the law, and either being charged or convicted of crimes. There are clear rules covering what we expect a solicitor to do in such instances. MoreFamily law researchWe have published independent research exploring the experiences of potentially vulnerable people using family law services. Among those surveyed, most solicitors appear to be providing services in line with expected standards. Yet there are also areas for improvement. MoreMoney launderingThe Home Office is rerunning its "Flag it Up" campaign to highlight the dangers of criminals attempting to launder money through professional services firms in the UK. Serious and organised crime costs the UK economy £24 billion each year, and criminals target legal professionals to help them, often unknowingly, hide the proceeds of these crimes. MoreDiversity dataWe are rescheduling the firm diversity data collection until later in 2017. We will announce the exact timing of the next collection as soon as we can. There will soon be a new questionnaire available to use when we do collect the information. If you have already used the old questionnaire to collect your data, we will still accept that when the time comes. MoreContinuing competenceWe have now moved to the new approach to continuing competence. This replaces the old CPD 'hours' regime. From webinars to an online toolkit, we are here to help you ensure you track your training assessment through the year. MoreYour health, your careerAre you worried about your health affecting your work? We recognise that life as a solicitor can be challenging. The demands and pressures can easily build and make you feel like things are getting on top of you. We can signpost you to sources of help and make adjustments for you if you are in difficulty. MoreBogus firmsBogus firms continue to be a problem. We have seen cases of scammers pretending to be fictitious firms or stealing the identity of existing firms, and trading on the profession's reputation to gain the confidence of unsuspecting members of the public. MoreKeeping of the RollSome of you have asked about any potential Keeping of the Roll exercise. We stopped carrying this out as an annual event in 2015. It will take place again when we feel there is a need to capture the information, but that will not be until 2018 at the earliest. MoreVirtually having your sayA vital part of our policy development and our continuous improvement of operational processes is input from the profession on the issues that matter to you. We have created various "virtual" reference groups, who feed back their perspectives on proposals we are working on. Find out how you can get involved with one of our four groups, so you can help us develop and improve our approach. MoreEvents - InnovateAre there new ways you could offer services to clients? Want to discuss the latest innovation ideas in the legal sector? Join us at our free conference this April. Come and discuss best practices and new ideas in delivering legal services with leading experts. Hear how we can help law firms innovate and the creative ways you can grow your business. MoreSubscription How to unsubscribe To unsubscribe, please complete our unsubscribe form . We cannot process unsubscribe requests submitted by email. How to subscribe - if you are regulated by the SRA As a regulated individual, please simply ensure that the SRA has your current contact email address on record. To ensure we have your current email address, log in to mySRA and check your profile. No subscription request is required. We recommend that you ask your network administrator to ensure that bulk email with "SRA Update" in the subject line is not filtered as spam. If you do not wish to receive SRA Update, please unsubscribe. How to subscribe - if you're not regulated by the SRA If you are not regulated by the SRA, please email a subscription request to SRAupdate@sra.org.uk. Editorial comment Please send editorial comment to SRAupdate@sra.org.uk.