Author: Sam Allcock

A recent examination by the Solicitors Regulation Authority (SRA) has unveiled a concerning trend among law firms in their approach to anti-money laundering (AML) training. The findings highlight that many firms are treating these crucial training sessions as mere formalities rather than vital compliance exercises.The SRA’s thematic review, which involved discussions with thirteen training providers and nearly 400 onsite AML inspections, revealed that a significant number of law firms regard AML training as an annual ‘tick-box exercise.’ This approach poses risks as AML threats evolve, necessitating more tailored and ongoing training instead of generic, one-size-fits-all solutions.Evidence suggests that firms with…

In October, unseasonably warm weather led to a decrease in UK fashion sales, as reported by the British Retail Consortium (BRC).UK total retail sales edged up by 0.6% year-on-year, a notable slowdown from last year’s growth rate of 2.6%.The non-food sector, including fashion, experienced a decline, affecting both in-store and online sales figures.Key factors influencing these figures included delayed consumer spending due to a late half term and upcoming Budget uncertainties.Despite a challenging month, the retail sector remains hopeful for November, anticipating an uplift from Black Friday promotions.Last month’s unexpectedly mild weather significantly impacted UK fashion sales, as consumers delayed…

This week marks the commencement of Pro Bono Week, coinciding with an uptick in demand and provision for pro bono legal services in the UK.The 23rd annual Pro Bono Week is celebrated through numerous events, including the unveiling of an updated signposting guide for Members of Parliament at Parliament. This guide, now available on a newly launched website, is an initiative by the pro bono committees of England and Wales, including the Attorney General’s Pro Bono Committee.This year’s theme, ‘The Power of Pro Bono’, spotlights three main topics. It examines the barrier of justice and explores the significant stories of…

Kraken has launched a cutting-edge crypto derivatives brokerage in Australia. This service is specifically for wholesale clients, marking a significant step in Australian crypto trading.With access to over 200 tradable assets, these clients now have enhanced trading capabilities. Kraken continues to emphasise security and compliance, ensuring robust support for its clientele.Advanced Trading Tools for Australian Wholesale ClientsKraken has broadened its horizons in Australia by introducing a licensed crypto derivatives brokerage service. This initiative is specifically designed for wholesale clients, allowing them to engage with over 200 tradable assets, including multiple cryptocurrencies, stablecoins, and fiat-based options. Such diversity fosters a comprehensive…

Circle, the issuer of the USDC stablecoin, is gearing up for a significant expansion into Hong Kong. As the region finalises its new stablecoin regulatory framework, Circle sees a perfect opportunity to secure a local license and establish a foothold in Asia’s bustling crypto market.The decision underscores Hong Kong’s evolving role as a key player in stablecoin development. With advanced financial systems and immediate U.S. dollar settlements, the city offers attractive conditions for growth. Circle is preparing to increase its local workforce and operations in response to anticipated demand and regulatory clarity.Hong Kong’s Position as a Stablecoin HubHong Kong is…

Korn Ferry’s latest report highlights the key trends set to influence workforce dynamics in 2025.AI’s growing role in recruitment is matched by concerns over its limitations.Hybrid working remains a dominant model despite a push for full office return.There is a call for a shift towards skills-based hiring, with obstacles to overcome.Employee value propositions are critical as firms struggle with retention challenges.As we look to 2025, businesses are poised to navigate through a landscape dominated by evolving trends as noted in Korn Ferry’s recent report. Increasingly, organisations face the challenge of finding a balance between technology and personal connection, efficiency and…

The stigma around men’s mental health remains a significant issue in workplaces today, necessitating focused strategies for impactful change.Men are often hesitant to seek help for mental health challenges due to societal norms and workplace pressures.High suicide rates in men highlight the urgent need for workplace environments that encourage mental health discussions.Employers must play a proactive role by implementing practical measures and fostering a supportive culture.A comprehensive approach involving language change, role models, and psychological safety is essential.Men’s mental health continues to face substantial stigma, particularly in professional settings, where many feel unable to voice their struggles for fear of…

As we move into 2025, the crypto world is buzzing with anticipation for new presales that offer exciting opportunities for early adopters. Imagine stepping into a digital realm where virtual cities self-govern and assets hold real-world value. This landscape, where real estate exists on the blockchain, is quickly evolving. From tech innovations to community-driven projects, the potential for growth is immense.Join us as we delve into seven standout crypto presales that are worth watching this year. Each project brings unique value to the table, whether through enhanced transaction efficiency, engaging community participation, or groundbreaking ideas bridging digital and physical realities.…

Harvey Nichols has taken a significant step by appointing Kate Phelan as its first-ever Creative Director.Phelan brings over 25 years of experience from her tenure at British Vogue, impacting the modern British fashion landscape.Her role will encompass overseeing brand campaigns and enhancing Harvey Nichols’ visual identity.This appointment marks one of the initial strategic moves by new CEO, Julia Goddard, formerly of Alexander McQueen.Phelan’s approach will leverage existing channels to introduce fresh narratives and energy to the esteemed retailer.Harvey Nichols, a leading department store, has announced the appointment of Kate Phelan as its first Creative Director, a newly established position. Phelan’s…

Ripple’s management of XRP through escrow has spurred heated discussions across the cryptocurrency community. With Ripple releasing 1 billion XRP monthly, questions arise about the strategy’s impact on prices. Recent insights from Ripple’s Q3 2024 report have rekindled debates on whether this escrow aids in stabilising or suppressing the market.Understanding Ripple’s Escrow MechanismThe concept of Ripple’s escrow is pivotal to understanding the XRP market dynamics. Each month, Ripple releases 1 billion XRP from its escrow account, a strategy intended to manage the circulation of XRP in the market. This routine release is believed to stabilise the market, though it sparks…