Source · Select Committees · Communications and Digital Committee
Recommendation 44
44
Paragraph: 211
The £25,000 fining limit for the Solicitors Regulation Authority is too low.
Conclusion
The £25,000 fining limit for the Solicitors Regulation Authority is too low. The changes in the Economic Crime and Corporate Transparency (ECCT) Act 2023 are a welcome start but appear too tightly circumscribed to have the desired effect.
Paragraph Reference:
211
Government Response
A response document is linked to this report, dated 29 January 2025. Response attribution to this conclusion has not been verified. Read the response document ↗