The SRA AML mission creep is well and truly underway with some firms being fined more than £20,000. It has been widely publicised that the SRA have increased their resources so they can undertake more law firm visits and reviews.
If your firm is yet to have an audit - a desk based review or onsite visit - then it is only a matter of time. The good news is that you have a window to prepare.
During this webinar, Lexsure’s Lead Auditor will guide you through the audit process, and help with strategies to get audit-ready, and stay audit-ready.
This 40-minute webinar will focus on the following areas:
- Selection and pre-assessment: understand what to expect from proactive SRA visits.
- What does the communication from the SRA look like and what do they request?
- Common and costly misconceptions
- Errors and omissions that most firms make
- What will happen after the visit?
- Implications of adverse audit - beyond a financial penalty
- How technology can not only mitigate risk but also provide evidence of compliance
Please Note: Playback is only available to law firms regulated by CLC or SRA in England and Wales. You must specify the firm that you are working for. Registrations from generic email domains such a gmail.com or btconnect.com will not be accepted. Regulators, Lenders and Insurers are welcome to contact Lexsure directly.