Compliance for Law Firms - Key Messages & Warning Signs in 7 Essential Modules
This online bundle provides an update on the most important areas of compliance for law firms.
Each of the 7 modules is delivered in bite-sized slots of 30-60 minutes and will cover the key messages - and warning signs.
Presented by Keith Markham and Trevor Hellawell this is the ideal way for you and your colleagues to keep up to date with all the latest developments in legal compliance.
The modules covered are as follows:
Module 1 - Anti-Money Laundering - 30 Minutes
With the new Money Laundering and Terrorist Financing Regulations 2017 in force for nearly two years and the various professional guidance notes all having gained Treasury approval, the SRA and other regulators are about to conduct a survey of firms to see how they have been coping since the last inspection in March 2018.
With little changing as far as the clients are concerned what are the key alterations that you need to import into your procedures to ensure you are alert to the ongoing risks? How will your firm stand up to scrutiny from the regulators?
This module will cover the following:
- Impact of the Home Office Review and the SRA’s first interim risk assessment
- The key steps required by the 2017 Regulations
- How far have you got in revising your procedures?
- Key points to watch for the future
- The key points in detecting fraudsters and money launderers
Module 2 - Conflicts and Confidentiality - 30 Minutes
Conflicts and confidentiality remain as cornerstones of the ethical codes to be observed by SRA.
This session will revise and review the following issues:
- What is a conflict?
- When you can act in such a situation
- What does acting for a party really mean?
- What is informed consent?
- What is confidential?
- How do you reconcile confidentiality with disclosure?
- How is it breached?
- When can you act in compromised situations?
Module 3 - General Data Protection Regulation - 1 hour
This session reviews the key changes introduced by the GDPR in May 2018 and will set out a series of practical steps to be taken in response.
The following key issues will be explained:
- The ‘accountability’ principle and what it means in practice
- Provision of information using privacy notices
- Consent and its alternatives
- Security breach management
- Role of the data protection officer
- Increased fines and compensation
Module 4 - SRA Accounts Rules 2019 - 30 Minutes
The 2019 Accounts are considerably shorter than before - so what has changed?
This session will explore:
- The key inclusions in the new 2019 rules
- How to deal with various types of costs payments
- Other key changes - TPMAs, timelines
- The increased importance of the COFA's role
Module 5 - Equality, Diversity & Inclusion - 30 Minutes
This session will explore the various implications of the rules for law firms and will cover:
- The key principles behind E, D & I
- The legal implications of equality law for firms
- How to extract the data from staff
- The effect of social media
- Improper use of confidentiality agreements - the SRA view
- #MeToo, #TimesUp and other popular equality drives
Module 6 - The SRA Handbook: A New Regulatory Regime - 30 Minutes
The SRA is now coming to the closing stages of its lengthy consultation which commenced in 2016.
In it, the SRA proposes a relenting of the regulatory obligations on law firms - offering you a choice of remaining subject to SRA regulation or contemplating reconfiguring yourself along any one of 10 different optional paths which offer a range of alternatives to the current regime. Further, it is happening already as the SRA issue more and more waivers from their existing rulebook.
This session will cover:
- The new regulatory regime for 2019
- The opportunities for practice
- The costs of relinquishing SRA regulation
- The upsides for practice
- Current waiver approach
Module 7 - Anti-Bribery - Key Issues & Red Flags - 30 Minutes
The Bribery Act 2010 had much impact when it was introduced but how has it fared in practice?
- The key definitions and concepts in the Act
- Recent developments and refinements
- Key things to bear in mind
- Internal policies and precautions
- What do you do about gifts and incentives - as well as the more serious attempts at corruption?
- Can you still accept gifts from grateful clients or is that dangerous?
- What do you do if you spot improper payments to or from other staff members?