Preventing a repeat of Dreamvar

Dreamvar – more than a year on …….. so, what has changed?It’s likely most conveyancers will shudder when they hear the name Dreamvar. It’s the case that changed the liabilities and responsibilities of lawyers and conveyancers when dealing with residential property transactions. But in practice, what has actually changed since…

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Top Tips for AML Compliance

In this series, I cover my Top Tips for AML Compliance, here are the first 10……1) Evidencing you have taken your supervisor’s risk assessment into account when preparing your own. All firms must have regard to their supervisor’s risk assessment when preparing their own. (Reg18(2)) Make sure it is mentioned…

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Ark Group Conference Panel

I attended the Ark Group Annual AML Conference in London yesterday to speak on the panel about the challenges for MLROs who are also fee earners in their firm.The session posed questions to the audience, and we, the panel, put our two penneth in.Joining me on the panel was Alex…

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5 things lawyers need to know about AML

(Originally published on Ark Group’s Website) With the SRA reporting last week that 44% of the firms they recently visited in an Anti-Money Laundering (AML) thematic review have been referred through to their disciplinary procedure, the level of compliance in law firms has again been called into question…There have also…

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