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