AML, Ethics and General Compliance
The in-house seminar on AML, Ethics and General Compliance is a full-day course designed to provide comprehensive coverage of the essential topics that all legal professionals must adhere to.
The seminar is suitable for both qualified and non-qualified lawyers working in support staff roles, and will be delivered using an interactive training approach.
Practical examples and case studies will be used throughout the workshop to help participants understand the real-world application of AML, Ethics and General Compliance principles.
By attending this seminar, support staff will be better equipped to ensure compliance with regulatory requirements and ethical obligations, reducing the risk of non-compliance issues and safeguarding the reputation of their law firm.
- Overview of professional ethics and its importance for legal professionals
- Understanding the regulatory landscape for AML and its impact on law firms
- Key components of AML regulations and how to ensure compliance
- Client due diligence and enhanced due diligence requirements
- How to conduct proper client care and conflict of interest checks
- Introduction to GDPR and data protection regulations
- Best practices for communication with colleagues, clients, lawyers, courts, and other parties
- Roles and responsibilities of the COLP, COFA, and MLRO in a law firm
- Identifying and reporting suspected AML matters
- Overview of cyber crimes and how to prevent them
- Understanding the risks associated with fraudulent transactions, including mortgage fraud
- How to identify potential fraud and take appropriate actions
- Techniques for conducting thorough investigations into potential fraud
- Case studies and practical examples of AML, ethics, and compliance issues in the legal industry.
Upon attending this seminar the attendees should be able to:
- Understand the importance of compliance with regulatory and anti-money laundering obligations
- Evaluate their current compliance practices and identify areas for improvement
- Implement best practices for client care, conflict of interest checks, GDPR, and data protection
- Effectively communicate with colleagues, clients, lawyers, courts, and other parties
- Identify and safeguard against potential cyber threats and fraudulent transactions
- Ultimately, support staff will leave the seminar better equipped to ensure regulatory compliance, uphold the highest ethical standards, and safeguard their law firm's reputation.