Entire SQE FLK syllabus explained - SQE FLK2 Solicitors Accounts

Study Guide covering the key topics in the SRA's specification for FLK Solicitors Accounts for the #SQE . Join this channel to get access to perks: https://www.youtube.com/channel/UCos4eApiIinBsJNfiLHqwbQ/join 00:00 Solicitors Accounts FLK2 for the SQE 00:33 The Axiom Ince failure 03:03 Regulatory objectives 05:05 What is client money? 08:16 Third Party Managed Accounts 10:42 The Banking Facility prohibition 13:05 Receipt and Handling client money 15:36 Withdrawals, teeming and lading 19:07 Anti Money Laundering 21:52 Double entry book keeping 23:51 Three way reconciliation 25:22 Accountant's report 26:10 Residual balances 27:52 Enforcement and sanctions 30:44 Ethical imperative