The enforcement of AML compliance: The risks and how firms can prepare
Criminal attacks on the manual anti-money laundering (AML) processes that many legal firms still rely on today are becoming more sophisticated. For these firms, getting AML compliance wrong is risking committing a serious offence. With dire professional and personal repercussions.
In this exclusive online event, hear from a panel of compliance experts and stay on top of the latest AML guidance from the SRA to meet these new threats.
About this webinar
In its duty to set and enforce high professional standards, the SRA is increasingly active in clamping down on ill-prepared firms. As of the end of May 2022, the maximum fine the SRA can issue will jump 1,150%, from £2,000 to £25,000.
It’s more important than ever for compliance professionals to be up-to-date with ever-changing regulations. And to be aware of the policies, controls, and procedures to meet them.
In this session, we cover:
The current state of AML for UK legal firms
The enforcement of AML compliance
AML audits: what to expect
Digital attacks on analogue processes