Compliance update no 2 – December 2024

The second bi-annual compliance update from Trevor Hellawell will focus on several recent and topical initiatives, consultations, and the ultimate responses.

The webinar will look at key issues emanating from and about the SRA and a run-down of enforcement steps taken in response to the recent round of investigations and thematic reviews by the SRA. It will also focus on the recent publication of the report into the Axiom Ince scandal, and the implications for trust in the profession’s ability to regulate itself and, indeed, trust in the SRA.

The following topics will be covered:

• SRA – implications of the Axiom Ince report
• SRA investigations of AML procedures – continued
• Might we be prevented from holding client money?
• Fallout from the AML data collection survey (September 2024)
• AI & Lawtech innovations
• Review of the effectiveness of training & continuing competence