The SRA issued its Warning Notice to Firms in October 2023, stating:

“We continue to see a persistent level of non-compliant client/matter risk assessments, and this remains an area where improvement is necessary. Undertaking effective client/matter risk assessments is a key step in preventing money laundering as it should inform the correct level of client due diligence to apply, as well as ongoing monitoring.”

It is evident, that even with a template assessment form, this remains an area in which law firm staff continue to struggle.

In this session, Norman Denton, Senior Compliance & Regulatory Specialist at Legal Eye, will consider:

• how client and matter risk assessment should be approached
• how you demonstrate ongoing assessments
• source of funds and wealth
• good and poor practices in evidence.

Register to attend