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The government intends to abolish more than 24 regulatory offences under the money laundering regulations, the Treasury has revealed. It is also working with some of the largest City law firms and other major services providers to launch a “log of professional readiness” that will help school leavers and undergraduates prepare to apply for jobs in the City.

Every chambers in England and Wales is to be quizzed on their approach to equality and diversity as part of a new monitoring scheme being rolled out by the Bar Standards Board. The 791 chambers (of which 391 are registered as sole practitioners) are also to face questions on how they handle complaints, their policies on pupillage, and compliance with anti-money laundering rules.