All Risk and Compliance articles – Page 2
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FeatureGetting to the source
Alison Matthews considers the SRA’s findings in its recently published thematic review on source of funds and wealth compliance
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FeatureOn the horizon
Rebecca Atkinson previews what’s on the regulatory horizon and sets out the headline issues that should be on your risk radar in the coming year
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FeatureSuspicious minds
As well as money laundering, the Proceeds of Crime Act 2002 guards against other forms of criminal conduct, and the penalties for breaches can be severe. Kayleigh Smale explains
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OpinionA question of oversight
Following the announcement that the supervision of anti-money laundering will move to the Financial Conduct Authority, Frank Maher asks if we should have concerns
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FeatureFive New Year resolutions to reduce cyber threats
Mitigo outlines five New Year’s resolutions your firm can make to mitigate the threat of cyber-attacks
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FeatureUsing section 43 orders in cases of sexual misconduct
The SRA has recently obtained section 43 orders against partners in international firms who are legally qualified in other jurisdictions. Nigel West looks at the detail
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FeatureAML: A tale of two regulators
Colette Best considers the announcement that the Financial Conduct Authority will take over responsibility for supervising lawyers’ anti-money laundering and counter-terrorism financing activities
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FeatureFAQ: Should we have a deputy COLP?
Our Practice Advice Service answers a commonly asked question from compliance officers for legal practice (COLPs)
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VideosWebinar: Supervision in an AI driven world
While AI tools can automate tasks like legal research, document drafting, contract analysis, and e-discovery, they still require careful supervision. To ensure accuracy and ethical compliance, human oversight is still essential, watch the recording to provide clarity on what constitutes acceptable use of AI in legal practice.
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OpinionA matter of record
It seems as though the regulators are handing out fines to firms on an almost daily basis. Paul Bennett considers the specific challenges this poses for larger firms
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FeatureBreaking the silence
A government amendment to the Employment Rights Bill aims to ban the use of NDAs where there are allegations of harassment or discrimination in settlement agreements. Juliet Oliver and Iain Miller look at the detai
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FeaturePreventative measures
Kevin Clancy and Patrick Kelly set out the scope of the prevention of fraud offence, and what the latest guidance offers by way of recommendations for reasonable procedures
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FeatureAudit trail
With anti-money laundering audits on the rise, Kayleigh Smale outlines how to prepare your firm for a visit from the SRA
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FeatureMisconduct matters
As the SRA remains focused on issues of sexual misconduct, Susanna Heley outlines how firms can ensure they are navigating this tricky area correctly
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FeatureOn thin ice
Failing to properly return client monies is in breach of the SRA Accounts Rules and can lead to regulatory action. Andrew Blatt explains the issues involved in residual balances – and what firms can do to clear them
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FeatureFAQs: Conflicts arising in initial client interviews
Our Practice Advice Service answers some commonly asked questions by Compliance Officers for Legal Practice (COLPs)
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FeatureProfessional indemnity insurance – market trends and risk insights
Simon Thomson, policy advisor at the Law Society, provides an update on the state of the professional indemnity insurance market, highlighting higher-risk practice areas and what it means for solicitors
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EventYour questions answered by expert COLPs and COFAs
This online session gave compliance leaders the opportunity to keep up to date on their evolving responsibilities in the face of increasing and shifting regulatory responsibilities.
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FeatureFraud matters
Pearl Moses outlines what the new requirement to prevent fraud means for solicitors and compliance professionals