Sham Litigation & Money Laundering - Understanding the Core Risks

Introduction

The Solicitors Regulation Authority published guidance addressing the growing risk of sham litigation being used as a means of money laundering. While most litigation activities fall outside the scope of the Money Laundering Regulations, sham proceedings can create significant exposure for lawyers and firms that might otherwise be considered low risk for AML and other financial crime.

This virtual classroom seminar presented by expert Laurence Howland will examine what constitutes sham litigation, how to recognise it in practice, and the appropriate steps to take if you suspect that you may be instructed in such a case. It will also consider how sham litigation can intersect with wider financial crime threats, including sanctions evasion, bribery, corruption, and other emerging typologies.

This live session is particularly suited to MLROs, MLCOs, compliance professionals and fee earners with responsibilities under the Money Laundering Regulations.

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.