By Legal Futures’ Associates Access Legal
Money laundering is very much in the legal news at the moment, especially as the Solicitors Regulation Authority is continuing with its thematic reviews looking at AML compliance within law firms; its most recent review looked into 74 firms and found some major failings, including inadequate training, no firm-wide risk assessments in place, and issues around source of funds checks.
The latest guidance published by the Legal Sector Affinity Group (LSAG) provides firms with some much needed clarity over what they should be doing in relation to complying with their AML obligations, but there are also some new areas that firms need to act on, for example, carrying out technology assessments when starting to use online client due diligence systems to check identities and source of funds.
Our free webinar at 12:30 on Wednesday 14th April will focus on core areas within the new LSAG guidance including terminology, AML principles, role of the MLRO/MLCO and senior management, risk assessments, and source of funds/wealth.
The speakers are renowned experts in the anti-money laundering arena:
- Brian Rogers, Regulatory Director, Access Legal – ex-MLRO with over 20 years’ experience of advising and training law firms on AML matters
- Bill Jones, Financial Crime Consultant – over 30 years’ experience in the AML field, including many as a member of the Law Society’s AML Advisory Panel.