The last nine months have seen some significant updates in relation to Anti Money Laundering such as the SRA Sectoral Risk Assessment in July 2023, the SRA AML Thematic Review report and subsequent Warning Notice in October, and most recently the further SRA Sectoral Risk Assessment in March 2024.
To support the shift in attitude to taking enforcement action against non compliance, we have seen a subsequent flurry of well-publicised fines levied to SRA regulated practices and individuals found to be in breach of the Money Laundering Regulations.
This short session delivered by Tracy Thompson will provide delegates with practical guidance and will highlight the important AML updates since July 2023, with the aim of equipping practices with the requisite knowledge to prevent them falling foul of the Money Laundering Regulations or SRA enforcement action.
About Tracy ThomsonTracy is a Law Society Accredited Risk & Compliance Specialist, Law Society Accredited Lexcel Assessor and Consultant, and is a 15 year qualified property lawyer who has spent over 25 years in the legal profession, most recently in practice as Managing Partner in a Merseyside multi million pound multidisciplinary practice. An expert in Conveyancing Quality Scheme compliance, Tracy has formerly carried out the role of Lead Assessor and is extremely passionate about compliance with quality standards having been appointed to The Law Society Lexcel Panel in 2013. Tracy possesses a diverse mix of skills and is highly experienced in both operational and risk management and is very practical in her guidance and support. Wearing many different hats, Tracy is a well-known legal trainer, legal risk and compliance consultant specialising in CQS, Lexcel and AML in addition to providing support to many legal practices nationwide with their Regulation 21 AML Independent Audit function. |
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