AML & CTF: the regulations and LSAG guidance (Part 2)
This session will cover the various sets of ML Regulations which govern how firms should engineer their internal processes to enable fee-earners to know their clients and be able to spot when things are going wrong and may need reporting. A full discussion of the latest LSAG guidance and SRA and Law Society resources will be included.
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Learning objectives:
- The ML Regulations 2017, 2019, 2020 and 2021
- MLCO and MLRO – who is who?
- What are my duties under the regulations?
- Risk Assessments and the scrutiny of BOOMs
- Customer Due Diligence - KYC
- Further investigations beyond identity
- The use of electronics
- SDD and EDD and the steps to take
- Ongoing monitoring
- Reliance, record-keeping and training
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Trevor Hellawell
CEO • ExL Practice Development
Trevor Hellawell is a solicitor and legal training and management consultant working with major law firms, local law societies, many legal training providers and other clients. Until going freelance in 1999 he was a full time lecturer with the University of Law, ending his career as a Principal Lecturer at the York Branch. Until recently returning to the freelance arena, he was Head of Law Programmes at BPP.
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