All Risk and Compliance articles – Page 2
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FeaturePeriod of renewal
Piers Winton considers some of the current risk trends that fall outside of the usual professional indemnity insurance renewal factors
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FeatureValue judgement
Susanna Heley considers the increasingly broad range of ethical obligations applying to individuals and firms
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FeatureRules of engagement
Frank Maher looks at the regulatory obligations around limiting liability to clients in engagement letters
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FeaturePaying the cost
Nigel West looks at the question of whether the SRA should pay for a solicitor’s costs in unsuccessful disciplinary proceedings
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FeatureChallenging behaviour
Zoë Allen-Robinson looks at the regulator’s requirement for managers in law firms to challenge unfair behaviour
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VideosThe most pressing risk and compliance questions in house lawyers are asking (On Demand)
This event took place 9 July 2024
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FeatureOn account
Karen Edwards outlines the benefits and the risks of firms taking credit card payments for client accounts
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VideosKey highlights from ‘How to prepare for an SRA visit’ (On-demand - audio only)
Take a listen to the key highlights from the Leadership and Management Section and Risk and Compliance Section roundtable that was held in June 2024.
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FeatureAre DUIs a regulatory matter?
In recent actions by the Solicitors Regulation Authority (SRA), drink-driving offences have become significantly more costly for solicitors, serving as a stark reminder of the regulator’s expected standards around personal conduct
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FeatureEight AML questions the SRA may ask
Richard Simms from AMLCC sets out the eight questions you should ask to establish if your firm is anti-money-laundering compliant before you get a visit from the Solicitors Regulation Authority
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VideosEssential compliance around continuing competence (OnDemand)
Watch the recording now This event took place 16th May 2024
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FeatureHM Treasury AML supervision report
HM Treasury has published its 2022/23 report on anti-money laundering and counter-terrorist financing (AML/CFT) supervision. Rick Kent, anti-money laundering policy manager at the Law Society, looks at the key changes
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FeatureSourcing it
The Solicitors Regulation Authority is looking more closely at anti-money laundering compliance in law firms. Harriet Holmes considers what you can do to prepare for a possible inspection
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FeatureNew realities in risk
In this abridged version of his keynote speech at the annual Risk and Compliance Conference on 21 March 2024, Iain Miller examines the changing regulatory landscape
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FeatureDomino effect
Jayne Willetts and Bronwen Still consider the proposals for the Solicitors Regulation Authority to regulate legal executives
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FeatureRisky business
The number of anti-money laundering audits conducted by the Solicitors Regulation Authority are increasing, with larger fines imposed for breaches. Alison Matthews outlines how having a robust firm-wide risk assessment can mitigate your risk
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FeatureInto the breach
Rebecca Atkinson considers the reporting obligations for regulated solicitors and outlines how to establish if a breach is serious enough to report to the Solicitors Regulation Authority
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FeatureHow to be an effective COLP
As compliance frameworks become more complex, and regulators get new fining powers, the compliance officer for legal practice (COLP) is an increasingly pivotal role. Jonathon Bray offers his top tips on how to be effective in this position