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Risk and Compliance Advanced (Legal Practice and AML) Accreditation Training (12-13 September 2022)

E-learning

The first day of this two-day course will run on 12 September 2022, from 9:30am to 5pm

Select start to access the welcome page, this is where you will find the link to join the session.

E-learning

The second day of this two-day course will run on 13 September 2022, from 9:30am to 5pm

Select start to access the welcome page, this is where you will find the link to join the session.

Course Description

Overview

  • 2 days
  • Advanced
This intensive two-day course has been developed to support you in preparing for examinations for the Risk and Compliance Advanced Accreditation scheme in both Legal Practice and Anti-Money Laundering (AML). It will focus on Fraud and Bribery on Day 1 and Risk Management on Day 2.The Risk and Compliance Advanced Accreditations in Legal Practice and AML are quality standards for legal professionals managing risk and compliance in a legal practice or department. By holding the accreditation, you’ll demonstrate that you have risk and compliance technical skills. You’ll also be able to convey to stakeholders and prospective clients that you’ve: 
  • demonstrated your knowledge and skill; and 
  • attained an objective quality mark at a particular level of competence in these areas.
The Advanced (Legal Practice) Accreditation examination is targeted at those who have expertise in Legal Practice Management, whilst the Advanced (AML) Accreditation is for those who are experts in the field of Anti-Money Laundering. The examination preparation training is designed for practitioners with different levels of experience of risk and compliance practice and aims to support those responsible for: 
  • managing and discharging regulatory responsibilities 
  • driving culture and ethical approaches to legal practice and AML within the business 
  • strategic decision making, management and leadership 
  • annual reviews and analysis 
  • proactive monitoring of legal practice and AML risks 
  • driving development and training and championing continuous improvement.
The course will be delivered over two days in a virtual classroom format by Laurence Howland, Director, Risk and Compliance of Buckles Solicitors LLP, who has overall responsibility for the firm’s anti-money laundering and regulatory compliance. It will run on 12-13 September 2022, from 9:30am to 5pm on both days. 

Learning outcomes

By the end of this course, you’ll be able to: 

  • explain your key regulatory responsibilities in respect of criminal finance issues including the Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) regime, Bribery Act and Sanctions legislation, and a structured organisational response to fraud 
  • formulate a strategy for the management of business, non-business and financial risk and business continuity 
  • identify significant threats to a legal services business in respect of fraud, bribery and corruption, money laundering, terrorist financing, and sanctioned entities, including potential indicators and ‘red flags’ of financial crime 
  • prepare policies, controls and procedures for effective practice management covering AML/CFT, bribery, sanctions and frauds, including communication, training and file reviews to encourage and support an appropriate compliance culture 
  • articulate the key elements of effective management of the client journey in the context of the SRA Principles and Codes of Conduct, including onboarding, ‘know your customer’ and due diligence checks, client and matter risk assessments, and the appropriate management of conflict and confidentiality issues.

What this will cover

The course is designed to ensure you gain an understanding and competence of risk and compliance legal practice and AML law. It applies a holistic, ethics-based and strategic approach to legal practice and AML risk management covering key syllabus areas aimed to enhance your opportunity for learning and your understanding of key concepts in preparation for the examinations. 

Day 1 will focus on: 

  • Fraud and bribery 
  • Property and mortgage fraud 
  • Solicitors’ Account Rules and financial crime  

Day 2 will focus on: 

  • Addressing risk within the client journey 
  • Risk management as top-down culture 
  • Business risk management  
  • File reviews and file management 
  • Use of practice manuals and establishing audit trails 

You can explore the specific coverage of syllabus topics within the full programme here.