The SRA has identified some challenges among our members with writing a high-quality risk assessment that effectively feeds into firms’ policies, controls and procedures. They are taking an increasingly tough line on firms and the possibility of disciplinary action is mentioned where firms are found to be failing to comply with the Money Laundering Regulations 2017. Here are some resources that will help.
Listen to members of the Law Society’s AML Task force discuss ‘quality’ risk assessments with Pearl Moses.
Legal services remain attractive to money launderers and every so often it’s important to check that the fundamental elements of your risk procedure are in place. Pearl Moses revisits the core elements of risk assessments.
Pearl Moses and Peter Rodd discuss the implications of the Money Laundering Regulations 2017 for conveyancing and property practitioners, including the main areas of concern and what practical steps can be taken to stay on top of the new obligations.
The Money Laundering Regulations 2017 and the recent Criminal Finances Act impose new obligations on Private Client practitioners and firms. There are statutory requirements and defences which need to be understood, to avoid financial penalties and possible criminal conviction.
Peter Wright, Managing Director of Digital Law UK gives us some top tips on avoiding ‘cyberattacks’.
Peter Scott, Director of Peter Scott Consulting, takes a look at some law firm websites to assess compliance with the price transparency requirements.
Marzena Lipman gives us a quick update on the state of play with the SRA Standards and Regulations.
Our Practice Advice Service looks at some of the FAQs they’ve received recently on regulation and compliance issues.
Helena Mumdzjana gives us a quick update on professional body supervisors’ approach to money laundering and risk assessments.
Janet Noble gives a summary of last month’s Risk and Compliance conference.
Anna Drozd and Betty-Ann Morain of the Joint Brussels Office of the Law Societies look at practice rights in the light of Brexit.
Iain Miller, partner at Kingsley Napley, considers the impact of the SRA’s price transparency requirements.