What are matter based risk assessments?
Matter-based risk assessments were introduced in the 2017 Money Laundering Regulations (MLR). Fundamentally, the idea is you’re supposed to look at the client and matter, and decide how risky it
Risk Management
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Managing risk and learning from mistakes
As legal professionals, it is crucial to manage the risks we face daily and learn from our mistakes. The common goal of most professionals is to prevent messes in the
Managing Risks When Supervising Remotely
Effective supervision has always been important from a risk management perspective but never more so than now, when it comes to managing risks when working remotely. Especially if you’re having
What is a Politically Exposed Person (PEP) and how do I know if my client is one?
The SRA expect solicitors and firms to continue to meet the high standards the public expect (which includes upholding the rule of law). It’s therefore important to ensure that all
Mindful policies
This morning I was looking at a post on LinkedIn which generated a lot of comments and interest. The post is about a mobile phone policy which a content marketing
The new transparency rules: what you need to know
The Legal Services Board have approved the SRA’s proposed change to the transparency rules. But, what does this mean for your law firm and how are you going to ensure
Latest cybercrime risks to the legal sector and how to manage them
A recent report produced by the National Cyber Security Centre (NCSC) highlights the need for even the smallest firms to undertake a cyber threat risk assessment and implement effective controls.
Revised Lexcel Standard: Be prepared!
The Lexcel Legal Practice Quality Mark has been revised and expanded. Lexcel accredited practices will be assessed against the revised standard from 1st November which means there is plenty for
Technology for compliance
At the recent Teal Annual Conference, I spoke to the delegates about Technology in Compliance. I’d like to pose some of the questions we talked about during the session. How would
What are your compliance goals?
At the start of 2018 most us will have sat down and set personal new year resolutions. There are two questions I would ask: How many of those resolutions