Money Laundering: The Risks and Warnings for Solicitors

Price excludes VAT

Locations and Dates

Get in touch for dates.

Topics Covered
  • What the SRA expects of solicitors and those working within the profession;
  • Why money laundering poses a real risk to the profession and the wider public at launch;
  • How to identify risk; and
  • Learning from example as to how best to avoid the risks;
  • How to apply best practice to ensure regulatory compliance
Format & Delivery

This will be delivered via our highly interactive Live Online system and is a one hour session accessible from any location. Live Online sessions are delivered real time with an experienced trainer presenting throughout the session enabling delegates to ask questions and engage with the learning content. No prior technical expertise is required to sign up to these sessions.

SRA Competences

A2        Maintain the level of competence and legal knowledge needed to practise effectively, taking into account changes in their role and/or practice context and developments in the law;

A4        Draw on a sufficient detailed knowledge and understanding of their field(s) of work and role in order to practise effectively;

A5        Apply understanding, critical thinking and analysis to solve problems;

B1        Obtain relevant facts;

B2        Undertake legal research;

B3        Develop and advise on relevant options, strategies and solutions;

C2        Establish and maintain effective and professional relations with clients;

C3        Establish and maintain effective and professional relations with other people;

D3        Apply good business practice.

Coursework

There is no preparation for this course although we do ask that you come prepared to engage with the subject and be willing to get involved with the discussions this programme raises.

Following each session we suggest you complete a personal development plan which will help you identify key action points together with a framework for ensuring that you achieve them.

Learning Outcomes
  • Better understand the risks posed by those wishing to target law firms for money laundering purposes
  • The need for solicitors to understand the importance of Suspicious Activity Reports (SARs)
  • The specific risks posed to firms who conduct Conveyancing
  • How to carry out valid identification and anti-money laundering checks
  • The importance of keeping the firm ‘client-account’ secure and to ensure it is not used for money laundering purposes