Legl: Conducting Effective Matter Risk Assessments

13th October 2022 at 11:00 am - Online

As part of their AML firm visits in 2021, the SRA highlighted that many firms were not effectively managing their matter risk assessments. They found that in 33% of cases either there was no record or the assessment was considered incomplete or inconsistent with the firm’s practice-wide risk assessment.

In this session, we will be exploring:

  • challenges firms face which result in incomplete, inconsistent or missing risk assessments
  • an overview of the regulatory requirements
  • how firms approach and capture AML vs wider matter risks
  • best practices for driving towards 100% compliance through an integration of CDD, risk assessments, MLRO oversight and payments