AML & CTF: the regulations and LSAG guidance (Part 2)

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This session will cover the various sets of ML Regulations which govern how firms should engineer their internal processes to enable fee-earners to know their clients and be able to spot when things are going wrong and may need reporting. A full discussion of the latest LSAG guidance and SRA and Law Society resources will be included.

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Learning objectives:

  • The ML Regulations 2017, 2019, 2020 and 2021
  • MLCO and MLRO – who is who?
  • What are my duties under the regulations?
  • Risk Assessments and the scrutiny of BOOMs
  • Customer Due Diligence - KYC
  • Further investigations beyond identity
  • The use of electronics
  • SDD and EDD and the steps to take
  • Ongoing monitoring
  • Reliance, record-keeping and training

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Trevor Hellawell

CEO • ExL Practice Development

Trevor Hellawell is a solicitor and legal training and management consultant working with major law firms, local law societies, many legal training providers and other clients. Until going freelance in 1999 he was a full time lecturer with the University of Law, ending his career as a Principal Lecturer at the York Branch. Until recently returning to the freelance arena, he was Head of Law Programmes at BPP.

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