SRA Sectoral Risk Assessment 2024 - A Bitesized Guide to Emerging AML Risks

Introduction

On the 5 March 2024, the SRA released their latest sectoral risk assessment.

Ideal for MLROs and compliance officers, this short webinar will offer a round-up of the SRA’s views on emerging risks to law firms in terms of AML, and the factors which must be taken into consideration when updating your practice-wide risk assessment (PWRA).

What You Will Learn

This webinar will cover the following:

• Why you need a sectoral risk assessment
• The SRA and emerging risks including vendor fraud, pooled client accounts, third party managed accounts and irregular methods of transferring funds
• Emerging risks to consider in your PWRA
• SRA proactive supervision - things to note
• Risks in the legal sector
• Key points for the five areas of risk to consider in the PWRA - clients, geographic, products and services, transactions and delivery channels

This webinar was recorded on 8th April 2024

You can gain access to this webinar and 2,101 others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.