AML Regulation 2024 - A Bitesize Update for Fee Earners

Introduction

Are you uncertain what the regulators expect from law firms in respect of anti-money laundering requirements and safeguards?

If so, then this webinar is for you.

Presented by compliance expert Trevor Hellawell, this short webinar will summarise the current state of play regarding the key duties imposed on law firms of all kinds by the various regulations and the LSAG Guidance Note, which has advanced the thinking in a few key areas.

Essential for fee earners, this webinar will give you a solid foundation of knowledge in this area and help you understand how the various processes can be used to protect your organisation.

For details regarding the key duties imposed on law firms by recent and increasingly complex legislation, please see Trevor’s webinar (AML Legislation 2024 - A Bitesize Update for Fee Earners).

What You Will Learn

This webinar will cover the following:

• What is money laundering - A refresher
• Analysis of the key requirements of the ML Regulations 2017, as amended
• Risk Assessments - Treasury, regulators and LSAG firms
• New guidance on client and matter risk assessments
• CDD measures
• Availability and use of electronic searches
• Simplified & enhanced due diligence - What exactly is required?
• High-risk jurisdictions - Where are Russia, Belarus and China mentioned?
• Politically Exposed Persons - What do I do if I find one?
• Can I trust the estate agents? What is reliance?
• Training & record-keeping requirements
• Don’t forget - Ongoing monitoring

This webinar was recorded on 18th January 2024