How to prepare for SRA Visits – AML & other tricks

There are many challenges faced by the SRA, namely the fallout from Axiom Ince, which has been particularly significant. Compounding these difficulties, the SRA has intensified its scrutiny of firms, focusing on identifying loopholes, particularly in AML compliance. With expanded fining powers and an increasingly assertive approach to enforcement, their oversight has become more rigorous.

This webinar will explore what firms should expect during SRA inspections.

Topics covered include:

• Formalities – how long will we have to prepare? What, who and how will they be investigating?
• AML steps
  • PWRAs – have they been approved?
  • Client & matter risk assessments, with rationale – have they been completed?
  • Source of wealth and funds enquiries
  • Records – where are they? Can you find them?
• Sanctions compliance
• Conflicts, confidentiality and data protection
• SLAPP litigation & NDA issues