AML – SRA Warning Notices on Client & Matter Risk Assessments [2024]

Webinar Details

Available from 20th March 2024

Expires after 90 days

Trevor Hellawell MA (Cantab)

CPD Hours: 1


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NEW FOR 2024! This 1 hour webinar is presented by Trevor Hellawell and provides an essential and useful update.

PLEASE NOTE: This SRA Webinar will be viewable from 20th March 2024.

In a spirit of increasing exasperation, the SRA issued two key documents in 2023 – a Thematic Review which focussed on the matters that a law firm needs to be getting right in its practice-wide risk assessment, and a Warning Notice about the importance of client and matter risk assessments.

Neither said anything of much novelty, but they made several important points about content, over-familiarity and being able to justify our conclusions on client and matter risks.

The seminar will focus on:

  • SRA Thematic Review
  • Things to focus on in our Practice-wide Risk Assessments
  • SRA Warning Notice
  • How to undertake a client risk assessment
  • How to undertake a matter risk assessment
  • New burdens on us to justify our conclusions

Key points to take away:

    • The importance of undertaking thorough CDD – even if it feels un-necessary
    • Key information that we need to consider as part of the Practice Wide Risk Assessment
    • The importance of client and matter risk assessments
    • Key point – explain the rationale. Why do you think this matter is medium risk? Why is it not high?
    • Record everything – if in doubt, write it down

Have you considered upgrading to our 4-hour SRA Mandatory Learning Bundle?

Firms are already seeing an increase in SRA audits of firms’ compliance with the Code of Conduct for Firms; therefore, it is fundamental that you and your team are up to date on your SRA competency standards.

This package provides 4 hours of essential mandatory CPD training, designed to be applicable to all lawyers, ensuring your skills are up to SRA standards in accordance with the competency statement.

Webinar Details

Available now

Expires after 90 days

Trevor Hellawell MA (Cantab)

CPD Hours: 4