InfoTrack: Spring Financial Crime Update

The Economic Crime and Corporate Transparency Act 2023 has granted the SRA extended fining powers and a wider scope of responsibilities, from Anti Money Laundering to Economic Crime. Amy Bell, CEO of Teal Compliance, joins us to explore the latest legislation affecting financial crime including the new corporate offence of Failing to Prevent Fraud, and changes to the Proceeds of Crime Act.

In this session we will consider:
• Lessons we can learn from the latest big fines imposed on Law Firms
• What are the 3 key steps you need to be able to show on your conveyancing files
• The differences between the Red flags for Money Laundering and Fraud
• How to handle push back on Source of Funds and Wealth enquiries