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Risk and Compliance Service

The New Criminal Finances Act 2017 - what to expect (on demand)

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Join this webinar to get an overview of the Criminal Finances Act 2017.

The Criminal Finances Bill 2017 is expected to receive Royal Assent in Spring 2017 and many of the measures in the Bill will give law enforcement agencies the power to recover proceeds of crime, tackle money laundering and corruption and counter terrorist financing to combat money laundering and tax evasion. 

What are the key changes? what will it mean for my firm? what will it mean for my clients? will our money-laundering procedures have to change? This timely webinar will provide members with a good understanding of how the new Criminal Finances Act will operate and the best way in which to protect your and your clients.

Key changes relevant to solicitors and their clients include the following:

Topics

  • Proposals creating a power to extend the moratorium period and to ask for further information following a SAR (suspicious activity report).
  • The extension of corporate liability (along the lines of the Bribery Act 2010) to a corporate failure to prevent the facilitation of tax evasion.
  • The introduction of unexplained wealth orders to allow law enforcement agencies to investigate and seize property from a person, without needing to prove serious criminality, where there are reasonable grounds to suspect that the person’s known lawful income would have been insufficient to obtain that property.

Who should attend?

MLROs, COLPS, COFAs, Risk Mangers, Practice Managers, Managing Partners

Speakers

Hugo Daniel Lodge is a Barrister specialising in fraud at 7 Bedford Row. Currently he is writing a Guide to the Criminal Finances Act 2017, to be published by the Law Society later this year.

For more information and details on how to book:

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Benefits of Membership*

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  • A monthly Risk and Compliance e-newsletter, dealing with the latest regulatory and compliance issues
  • Access to the Law Society’s 'Safe Harbour' initiative, providing written guidance to compliance officers on the materiality of a breach
  • Access to four free webinars

As well as:

  • 20 per cent discount on subscriptions to the Legal Compliance Bulletin
  • 20 per cent discount on relevant Law Society publications

* See Service terms and conditions

Join today