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Prepare for regulatory change in 2013/14: Benchmark your firms current AML practices
A one-day intensive conference designed to ensure you:
Prepare for the regulatory change that is certain to happen in 2013/14 as a result of a strengthening of the FATF recommendations Know what to expect from a money laundering intervention and why you want to avoid one as explained by an SRA intervention agent Deal with higher-risk jurisdictions Instil compliance training from day one find out how lawyers take a different ethical standpoint in the results of a study from Nottingham Trent University Find out what implications the Shah vs. HSBC case will have on money laundering reporting Get an in-depth practical look at risk-based client due diligence and find out how to produce a written risk assessment
COLPLINE
+44 (0)20 7549 2535 events@ark-group.com www.ark-group.com Or see back page for mailing details
evonshires solicitors
CONFERENCE
MORE INFO
The strengthening of the Financial Action Task Force (FATF) Recommendations in February 2012 will undoubtedly lead to a follow-on change in the anti-money laundering regulations at a European, and then national, level by the end of this year. Taking place in February 2013, the 9th incarnation of Managing Partners Anti-money laundering compliance for law firms conference could not be more perfectly timed to provide senior law firm Money Laundering Reporting Officers (MLROs) with the information they need to plan and prepare effectively for implementation of the new rules. The conference will be opened by an intervention agent of the regulator who will talk through the behaviours and oversights that have typically landed law firms in hot water and explain why you definitely want to avoid any risk of becoming the subject of a money-laundering investigation.
This conference, which annually draws a large crowd of the most senior Money Laundering Reporting Officers in the legal services sector offers a vital opportunity for law firms to come together to work out the technicalities of putting the new money-laundering rules into place in practice within the unique context of the law firm environment, where busy fee earners must concentrate on charging out the maximum number of billable hours. The conference will also address the unique subject of the lawyer and his/her views on ethics hear from John Taylor, author of Forensic Accounting about the results of a study he conducted with Nottingham Trent University which reveals that lawyers tend to take a different ethical standpoint from as far back as law school. Find out what this means for your anti-money laundering training programmes and how you can instil the importance of compliance in your junior lawyers from day one.
Ideas for improving compliance procedures helpful and informative day. Martin Terrell, Thomson Snell & Passmore
CPD information
Attendance at this conference qualifies for 5 hours, 30 minutes of SRA accredited CPD (at intermediate/advanced level). To claim your hours, quote provider code: EEW/ARCL.
CONFERENCE
AGENDA
09:00 09:30 Registration and refreshments PREPARING FOR CHANGE 09:40
Revealing the key lessons for law firms from an intervention agent of the Solicitors Regulation Authority Understanding the primary ways in which law firms get themselves into difficulty Which practice group areas are most susceptible to money laundering? Knowing the full consequences of non-compliance What to expect during an intervention Philip Barden, Partner, Devonshires RESEARCH INSIGHTS | Encouraging lawyers to think about antimoney laundering compliance from day one Examining findings from a research study into attitudes to ethics of trainee lawyers Understanding how a lawyers sense of ethics can be established before they join your firm The importance of implementing training programmes which ensure that anti-money laundering issues stay front of mind for junior lawyers Drawing on lessons from the study to appeal to established fee earners and partners in your training Ensuring that your firms culture supports an ethical approach to dealing with clients affairs John Taylor, MSc, FCA, author of Forensic Accounting Morning coffee break SANCTIONS AND THE INTERNATIONAL PERSPECTIVE
14:50
10:20
11:00
11:30
Getting to grips with the increasing complexity of international sanctions Sanctions compliance is forming an increasingly important part of firms antimoney laundering (AML)/counter terrorist finance (CTF) programmes. Recent years have seen a proliferation of sanctions regimes used as foreign policy tools; added complexity in EU sanctions; increasingly aggressive enforcement (particularly in the US) and overlapping extra-territorial regimes which leave traps for the unwary. In this session we will examine: Sanctions, the basics types of sanctions regimes, their legal basis and jurisdictional application US sanctions and their extra-territorial scope when should law firms be worried? Compliance, screening and reporting Susannah Cogman, Partner, Herbert Smith Freehills Designing an enterprise wide approach for higher-risk jurisdictions: Can one size fit all? Practical examples from Burma, China and Russia Client due diligence brick walls and reliable sources Bribery Act (ABC) risks and realities Monitoring the monitors ensuring compliance with ongoing monitoring Amasis Saba, Compliance Manager & Deputy MLRO, Berwin Leighton Paisner Networking lunch break PERSPECTIVES ON CLIENT DUE DILIGENCE
16:20
12:10
16:50 17:00
12:40
13:40
PRACTICAL SESSION | Demonstrating a risk based approach to anti-money laundering/combating the financing of terrorism (CFT) Producing an effective risk assessment Going beyond policies and procedures to create a compliance system that works in practice Identifying early warning signs and risk factors, including country risk Ensuring that your compliance training is effective Sue Mawdsley, Partner, Legal Risk
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off this event when you book before 14 DECEMBER 2012, making the event 596+VAT. off this event when you book before 11 JANUARY 2013, making the event 633+VAT. off this event when you book before 1 FEBRUARY 2013, making the event 670+VAT.
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