AML for Law Firms - Spring 2025 Update with Trevor Hellawell

Introduction

As the SRA maintain their unremitting pressure on law firms to enter into Regulatory Settlement Agreements (RSAs) and to pay substantial fines even for more minor transgressions, we must ensure that we are doing all we can to counter money laundering, terrorism and proliferation financing.

With increased attention focussed not only on practice-wide risk assessments, client and matter risk assessments with an explanatory rationale, source of wealth and source of funds enquiries (and increasingly the obligation to get corroborative proof of what we are told) as well as paying special regard to the sanctions position generally, the burdens on us all continue to mount.

How can law firms best avoid meeting substantial fines - and maybe worse - head on?

Presented by expert speaker Trevor Hellawell, this webinar will ensure that law firm staff are up to date with the latest AML developments.

What You Will Learn

This webinar will cover the following:

• Regulators’ investigations - Key enquiries and things to focus on
• Outcomes - RSAs and more
• Negotiations and appeals
• Key financial crimes, including sanctions guidance and counter proliferation financing
• Key PoCA duties and legislative risks
• Overlaps with frauds and scams
• Risk assessments of Clients and Matters - Key inclusions
• We need a ‘rationale’
• CDD - The key aspects
• Getting the key documentation
• Vetting the key documentation
• Source of wealth and funds investigations
• Other considerations - High-risk countries, PEPs & Ongoing Monitoring

This pre-recorded webinar will be available to view from Friday 21st March 2025

Alternatively, you can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.