Discover practical steps for conducting robust risk assessment
The Solicitors Regulation Authority’s 2022/2023 anti-money laundering (AML) report revealed that 51% firms were partially compliant with AML regulations and 19% were non-compliant. A significant issue was the failure to perform thorough client and matter risk assessments.
Having robust risk assessments in place not only ensures compliance with AML regulations but is also key to understanding your client and the context of the demands and needs behind their instructions. Download our guide to empower your firm with the tools and insights needed to thrive in a highly regulated environment.
This guide will help you to:
Explore best practices, tools and templates for effective client and matter risk assessment
Gain insights into regulatory requirements from SRA, LSAG and Law Society of Scotland
Learn about the essentials of client due diligence, enhanced due diligence and ongoing monitoring
Carry out thorough AML checks required to fulfil your client and enhanced due diligence obligations
Discover compliance technology that streamlines and enhances risk assessment processes
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