Compliance update no 1, 2024

This forthcoming compliance update webinar will highlight several recent and topical initiatives, consultations, and their corresponding responses.

Key issues arising from the SRA will be examined, along with a breakdown of enforcement steps taken in response to the recent round of investigations and thematic reviews by the SRA –including the increasingly substantial fines, serving as a wake-up call to all law firms.

The webinar will also feature the latest thinking on the sanctions regime and AML in general, with particular focus on the Addendum to the Legal Sector Affinity Group guidance. It will also look at some developments regarding ongoing competence and AI initiatives as well as other miscellaneous information from other agencies.

This webinar will cover the following:

• SRA – new fining powers exercised
• SRA investigations of AML procedures – continued
• New measures to counter financial fraud
• Sanctions regime – changes and extra guidance
• AI and Lawtech innovations
• Review of our continuing competence