Solicitors’ firms are to be inspected to ensure they are meeting anti-money laundering obligations, with the Solicitors Regulation Authority (SRA) revealing it will be carrying out checks on a sample of 400 law firms

ICAEW plans to open up some of the professional content currently available exclusively to faculty members with a new pay-per-view system, which will allow all members to buy one-off guidance without joining a faculty

Restructuring partners at Deloitte have been appointed as joint administrators to SUK Retail Ltd t/a Office Outlet, a major multichannel retailer of office supplies, business technology, and copy and print services to businesses, homes and schools, which has collapsed putting over 1,000 jobs at risk

Swiss bank UBS has been fined £27.6m by the Financial Conduct Authority (FCA) for failings relating to 135.8m transaction reports filed over a ten-year period, which breached the regulator’s rules regarding the information required to identify potential market abuse and financial crime

Engagement letters are relevant to every accounting and professional services firm, irrespective of size or the services provided. It is crucial firms ensure their engagement letters are updated whenever a client relationship starts or terms change. Rachel Farris FCA CTA provides the top five tips for accountants

The Department for Business, Energy and Industrial Strategy (BEIS) has published a leaflet for SMEs, outlining changes that may affect the business when the UK leaves the EU, with advice on actions to take and sources of support

Hong Kong has toppled the UK as the top international financial centre (IFC) for global corporate services, while the trend towards moving business to onshore and mid-shore jurisdictions continues to increase, according to research by Vistra

Over £56bn of properties in England and Wales are owned by anonymous companies registered in tax havens according to analysis by Global Witness, which is calling for faster government action on beneficial ownership registers

A probe by PwC into accounting irregularities at South African retail giant Steinhoff International, which owns Poundland in the UK, has uncovered some €6.6bn (£5.6bn) of errors over an eight-year period

A group of over 500 former sub-postmasters (SPMs) have won an important first step in a series of trials relating to claims that the Post Office incorrectly and unfairly held them responsible for accounting discrepancies, which they held were due to failings with the Post Office’s Horizon IT system

Leon Steenkamp provides practical guidance on how tax insurance can be used to mitigate tax risks arising from group restructurings, and mergers and acquisitions

Outsourcing giant Interserve is expected to go into administration after the company’s shareholders voted against a rescue plan