Money laundering poses a significant threat to the financial system and public trust. Legal professionals, especially those handling financial transactions, client funds, or property matters, are in a key position to detect and prevent this type of crime. This guide outlines the essential requirements and practices under UK law to help law firms and their staff remain compliant with anti-money…
When a road traffic accident occurs and the at-fault driver cannot be identified, often referred to as a “hit and run”, the victim may still be entitled to compensation under the Motor Insurers’ Bureau (MIB) Untraced Drivers Agreement 2017. This legal framework ensures that victims are not left without recourse when the responsible party cannot be traced. However, these claims…
The UK government has announced a major change to how compensation payouts for serious injuries are calculated. Starting 11 January 2025, the Personal Injury Discount Rate (PIDR) will increase from -0.25% to 0.5%. This decision, made after a 2024 review, affects injured individuals, lawyers, and insurers. Understand what this means, why it matters, and how to adapt! Syed Raza Mehdi…