Source of Funds CDD: An Art or a Science?

2022-12-01T09:49:18+00:00

Tackling issues of source of funds (SoF) and source of wealth (SoW) when undertaking your client due diligence is often more art than science. In a recent webinar, Kate Burt, Head of Risk & Compliance discussed the regulatory requirements surrounding source of funds and how Legl can help to leverage your firms’ approach to this issue. It is estimated that approximately £100 billion is laundered every year in the UK, and £1.8 trillion on a global scale. How are you ensuring your firm isn’t unknowingly processing dirty money? Spearheaded by the SRA, the Legal Sector Affinity Group (LSAG) is comprised of all of [...]

Source of Funds CDD: An Art or a Science?2022-12-01T09:49:18+00:00

An Update on the Sanctions Measures Against Russia

2022-05-04T08:05:51+00:00

This article was written by Kate Burt, Head of Risk and Compliance at Legl and experienced solicitor/ consultant. It’s been nine weeks since the Russian invasion of Ukraine and, according to international news reports, the military advancement shows no sign of retreat. The latest sanctions measures were designed to weaken the Kremlin’s ability to finance the war and to impose clear economic and political costs on Russia’s political elite. This issue was covered in my previous article on the subject. Since then, there have been two further statutory instruments enacted since that article, which relate to sanctions on trade and bring the number [...]

An Update on the Sanctions Measures Against Russia2022-05-04T08:05:51+00:00

[Webinar] Avoiding a Toxic Compliance Culture at Your Law Firm

2022-04-21T07:27:01+00:00

Robust policies, controls and procedures can either be enhanced or thwarted depending upon the compliance culture with a firm. On April 26, Kate Burt, Head of Risk & Compliance at Legl, and Steve Brett, co-founder of E3 Compliance Training, will discuss the differences between a healthy and a toxic compliance culture, and what firms can do to improve. Title: Avoiding a Toxic Compliance Culture at Your Law Firm Date: Tuesday, April 26, 2022 Time: 9:00am BST In this webinar, we will explore: What is a "compliance culture" and why is it important? Regulatory expectations Characteristics of a healthy vs toxic culture [...]

[Webinar] Avoiding a Toxic Compliance Culture at Your Law Firm2022-04-21T07:27:01+00:00

The Impact of UK Sanctions on Russia for Law Firms

2022-04-05T09:43:09+00:00

The UK government and governments around the world have imposed additional and far-reaching sanctions with the aim to persuade Russia to withdraw their position threatening the stability and sovereignty of Ukraine. Obligations in relation to financial sanctions is not a new burden on UK law firms. Firms should already have robust policies, controls and procedures in place to prevent breaches of sanctions legislation. What is new, brought about by Russia’s invasion of Ukraine in recent weeks, is the rapid pace of amendments to existing legislation resulting in an unprecedented increase in individuals and entities added to sanctions lists and well as the fast-tracking [...]

The Impact of UK Sanctions on Russia for Law Firms2022-04-05T09:43:09+00:00

Best Practices in Compliance, Payments and the Client Experience

2022-01-13T10:03:39+00:00

As 2021 draws to a close and things slow down over the holiday period, you may have a bit more down time than you otherwise would. Why not watch a few videos? Over the last three months, Legl held a series of 30-minute lunch ‘n learn webinars – all of which are available to view at your convenience now! Hot Topics in Compliance for Law Firms Andy Donovan, SRA Compliance Specialist at The Compliance Office, Tracey Calvert, Director at Oakalls Consultancy Limited, and Legl’s Director of Legal Partnerships, Lauren Watson, discussed tactics for managing source of funds/source of wealth, ongoing AML monitoring, due diligence on [...]

Best Practices in Compliance, Payments and the Client Experience2022-01-13T10:03:39+00:00
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