Sham Litigation & Money Laundering for Litigators - Understanding the Core Risks

Introduction

The Solicitors Regulation Authority recently published guidance addressing the growing risk of sham litigation being used as a vehicle for money laundering and other economic crime. Whilst most litigation activities fall outside the scope of the Money Laundering Regulations, litigators can still face significant regulatory and reputational exposure where court proceedings are used to disguise the movement of illicit funds.

This virtual classroom seminar presented by expert Laurence Howland will explain how sham litigation arises in practice and why litigators and law firms should be alert to this emerging risk. The session will examine what constitutes sham litigation, how to recognise it in practice, and what steps you should take if you suspect you have been instructed in a potentially abusive or collusive claim. It will also consider how sham litigation can intersect with wider financial crime threats, including sanctions evasion, bribery, corruption and other economic crime risks that may arise through the misuse of court processes.

This live session is particularly suited to litigators, MLROs, MLCOs, compliance professionals and fee earners with responsibilities under the Money Laundering Regulations or who may encounter financial crime risks in contentious matters.

What You Will Learn

This live and interactive course will cover the following:

• The definition of sham litigation
• Sham litigation methodologies
• Money laundering offences outside the regulated sector
• The new SRA regulatory guidance
• Red flags of sham litigation
• Wider economic crime implications
• Preventative measures
• Case studies and the real-world risk

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.