SQE1 (Solicitors Qualifying Examination) · Ethics, professional conduct and solicitors' accounts

Conflicts, confidentiality and money laundering

10 practice questions, each with the answer and an explanation.

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Random questions from this topic, one at a time. You see the answer and the explanation straight after each one.

All 10 questions

  1. A solicitor wishes to act for two clients in the same matter who have conflicting interests. When may the solicitor act under the Code of Conduct?
  2. Under the Code, a solicitor must not act where there is a conflict between the solicitor's own interest and the client's. Which situation is such a conflict?
  3. A firm holds confidential information about client A that is material to client B's matter. A and B's interests are not in conflict. Can the firm tell B?
  4. Which circumstance allows a solicitor to disclose confidential client information?
  5. A client tells his solicitor that he plans to use the money from the proceeds of a sale to fund terrorism. What is the solicitor's likely position on confidentiality?
  6. Which offence is committed under section 327 of the Proceeds of Crime Act 2002?
  7. A solicitor suspects the money her client intends to put into the client account is criminal property. What should she do before dealing with the money?
  8. A solicitor has submitted a suspicious activity report about a client. The client asks if there is any reason the transaction is delayed. What must the solicitor avoid?
  9. Under the Money Laundering Regulations 2017, what must a firm do before establishing a business relationship with a new client?
  10. A solicitor knows that a client is a politically exposed person. What additional step applies under the Money Laundering Regulations 2017?

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