In January 2024 alone, reports were published about the SRA taking enforcement
action against 3 firms and 4 individuals for failure to comply with the Money
Laundering Regulations 2017. The fines issued for these non-compliances total
over £570,000 plus costs. The absence of staff training, or requirement to
complete additional training, was noted in a number of these cases.
Action has not only been taken against solicitors, but also other individuals
who are not regulated by the SRA, whose breaches were so serious that the SRA
felt compelled to take action.
As all SRA enforcement action, from rebukes to fines, is published by the SRA,
the potential financial and reputational impact upon firms may be felt by all
staff, regardless of whether they had any direct involvement with the
non-compliance.
This course will cover the following to assist support staff in understanding
the fundamental aspects of AML.
* The basics of what AML is
* In scope / not in scope work for AML
* POCA / TA
* PCPs - CDD & EDD
* Clients
* Risks – what could raise a risk?
* Reporting to the MLRO / MLCO
* Tipping off
TARGET AUDIENCE
The online course is suitable for support staff or legal practitioners wanting
to understand the basics of AML.
RESOURCES
Comprehensive and up to date course notes will be provided to all delegates
which may be useful for ongoing reference or cascade training.
Please note a recording of the course will not be made available.
SPEAKER
HELEN TORRESI, CONSULTANT, DG LEGAL
[https://dglegal.co.uk/the-team/helen-torresi/]
Helen is a qualified solicitor with a diverse professional background spanning
leadership roles in both the legal and tech/corporate sectors. Throughout her
career, she has held key positions such as COLP, HOLP, MLCO, MLRO and DPO for
law firms and various regulated businesses and services.
Helen’s specialised areas encompass AML, complaint and firm negligence handling,
DPA compliance, file review and auditing, law management, and operational
effectiveness in law firms, particularly in conveyancing (CQS).