The Solicitors Regulation Authority (SRA) has reiterated its warning to law firms that they should not provide banking facilities through a client account to their clients or others.

The SRA rules set out that law firms should only have money linked to an underlying legal service going through their client account. There must also be a proper connection with those receiving those funds and the legal services the firm has provided.

Risks to firms, clients and the wider public, include assisting money laundering, helping someone avoid their obligations in an insolvency situation, or improperly hiding assets in a commercial or...