AML and data protection: common compliance errors and how to avoid them

This practical webinar provides a timely review of AML and data protection compliance for law firms, focusing on the need for robust systems, clear procedures and effective evidence of decision-making. Through practical case studies and worked examples, it will consider the steps firms should be taking to ensure they can demonstrate that the right decisions have been made by the right people at the right time, including when dealing with individuals, companies, trusts and other types of client.

It will also explore common issues around source of wealth and source of funds, as well as the data protection and confidentiality errors that continue to arise in practice, despite the established GDPR framework and solicitors’ professional duties. The webinar will provide practical guidance on identifying and preventing these common compliance failures.

Topics covered include:

• What it means to be an AML ‘gatekeeper’: the 3 key questions
• Case studies: what we have to do to comply with the MLR, including source of wealth and funds enquiries
• The crucial importance of Ongoing Monitoring
• Common breaches of Data Protection legislation & confidentiality duties
• How do we improve our resilience?