20% discount for LF readers to “Anti-money laundering compliance for law firms” conference

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20 December 2010


Legal Futures readers have been offered a 20% discount to Managing Partner’s conference on “Anti-money laundering compliance for law firms”. To claim your discount to this one day conference in London on 3 March 2011, quote booking code “LFAML20”.

Although the current Money Laundering Regulations have been in place for three years, research shows that law firms are still struggling with some ongoing, tricky issues, and that the way in which the rules apply to a law firm is currently being interpreted in a number of different ways.

Managing Partner’s 7th Anti-money laundering compliance for law firms conference builds on its previous track record to offer senior MLROs, tasked with strategically protecting their firms from penalty and themselves from criminal prosecution, the opportunity to come together and thrash out ways to overcome the difficulties surrounding implementation. The content will be very practical, to enable MLROs to leave with a fresh perspective and new ideas to tighten up the anti-money laundering processes in their own firms.

NEW! For the first time at this annual conference, three speakers from large law firms (Olswang LLP, Berwin Leighton Paisner LLP and Addleshaw Goddard LLP) will give anonymised but real examples of suspicious activity which they have had to report to the relevant authorities, during a one-hour focused and interactive session. To maximise learning, participants will be given the opportunity to share how they might have handled the same scenario differently so that the group is able to benefit from acknowledging the points of difference in the interpretation of proper process.

Other new developments that will be covered by our speakers include the impact of Outcomes Focused Regulation (OFR), the Bribery & Corruption Act and a widely anticipated Treasury review of the Money Laundering Regulations. The conference will also go beyond the confines of the Law Society AML Practice Note to ensure a deeper understanding of the issues.

Finally, with the Law Society pointing out that not enough is being done currently by law firms to link mortgage fraud to money laundering crimes, a partner from defence firm Peters & Peters Solicitors LLP will examine how the crimes are related and will also walk through a typical police process.

The opportunity to learn from real examples of money laundering reporting and process alone justify the attendance fee at this conference alone. Don’t miss out on your chance to enhance your understanding, so that when a complex situation arises in your firm, you’ll know exactly what you should do.

A one-day conference designed to help you:

  • Learn from anonymised examples of money laundering activity that has been reported by three large law firms
  • Understand the impact of legal and regulatory change, and a widely anticipated Treasury review, on anti-money laundering regulations
  • Delve deeper into problem issues to obtain guidance that goes beyond the Law Society’s AML Practice Note
  • Understand how mortgage fraud is a warning sign for money laundering crime
  • Benefit from being walked through a typical police process
  • Gain practical guidance on tricky client due diligence issues
  • Discuss different methods for complying with ongoing monitoring

A word from your Chairman:

‘Most practices will welcome the ‘settled state’ of most of the anti-money laundering and terrorist financing regulations of late, but numerous doubts on best practice with the disclosure regime and the extent of client identity checking remain. There are currently suggestions of reducing the need for the more technical disclosures and thoughts also turn to how this critical element of law firms’ compliance regime will change under outcomes-focused regulation. This conference provides the ideal opportunity for you to benchmark your management policies and processes with some of the best.’
Matt Moore, Director, Web4Law

For full details of the conference, click here

For delegate and marketing enquiries please contact:
Nathan Denham
Marketing Manager
Email:events@ark-group.com
Tel: +44 (0)20 7549 2535

One-day conference only: £745+VAT


Legal Futures Blog

Know your client checks – A lesson from BHS

Paul-Bennett for Legal Futures

As you will be aware, it is a legal requirement for advisory firms to carry out ‘know your client’ checks. The purpose of doing so is to confirm your client’s identity and to seek to provide protection in respect of anti-money laundering (AML) and terrorist financing laws. The BHS experience before the House of Commons’ work and pensions committee and business, innovation and skills committee shows that firms need to think beyond AML obligations.

September 29th, 2016