SRA 4 Hour Webinar Bundle [2023]

Our 4-hour SRA Webinar Bundle consists of 4 x 1-hour pre-recorded webinars.

This bundle includes the titles below:

1. AML/CTF/CPF – Terrorism, Sanctions, SLAPP and counter-proliferation financing
   
2. SRA Accounts Rules 2019 – specific issues and harsher penalties
3. AML – Know Your Client, Know Your Client’s Business….and more
4. Cybercrime and Frauds 2023 – forever onwards and upwards

More details about the courses:

1. Our obligations and professional duties keep getting heavier, especially since the Russian incursion into Ukraine in February 2022 and new rules on counter-proliferation financing measures that we must build into our risk assessments and our PCPs. There is also further guidance on the sanctions regime which tightens our duties still further. We will discuss

   • Updated Sanctions provisions, in particular
     • OFSI Sanctions provisions
     • How do we check our clients are not on the Sanctions lists
     • What effect does it have on those who service those who are sanctioned?
     • What must we do if we find a client IS on the Sanctions list?
     • New SRA guidance – sanctions law is wider than our obligations under the MLR and affects not only our clients, but others too
   • New obligations to be grafted on to our existing obligations, in particular
     • Counter-Proliferation measures in our risk assessments
     • Does your client have any potential links to those manufacturing, stockpiling or deploying chemical, biological, radiological or nuclear weapons?
     • If so, what must we do?
   • SLAPPed down - our duties in relation to litigation of behalf of the super-rich
   • What evidence do we need to get, keep and record?
   • What more can we do?

2. The ‘new’ rules are a lot more bedded-in now, as well as being simpler and more flexible. But they are still equally significant to anyone in the law firm, as recent examples have shown, and the duties on all of us, but especially those with responsibility for finance or accounts, remain strict indeed. We will discuss

   • The key rules including:
     • Rule 3.3: Banking facilities
     • Rule 5: Residual client balances
     • Rule 8: Reconciliations
     • Rules 12-13: Accounting systems and records
     • Recording and immediate reporting of breaches to the COFA & SRA
     • Other key duties on the COFA
     • Relationship with the Reporting Accountant – are they becoming more exacting in their investigations?
   • SRA Resources and checklists
   • SRA enforcement and penalties
   • VAT & Brabners – is it still an issue?

3. What steps do we have to take, exactly, when taking on new clients (or even re-taking on old ones)? The things we must now do have been refined, especially since the Russian incursion into Ukraine in February 2022 and much more is entailed than simply asking a client for his passport and utility bill. We will discuss

   • Legal Sector Affinity Group guidance (approved July 2022) on how to comply with the Regulations, in particular
     • Performing due diligence enquiries, including ongoing CDD and enhanced CDD
     • Technology – uses and considerations
     • Capturing client information
     • New duties in relation to the beneficial owners, including the Register of Overseas Entities
     • Companies House enhancements
     • Identifying and evidencing the source of funds AND the course of wealth
     • Record keeping & data protection
   • What evidence do we need to get, keep and record?
   • What more can we do?

4. In the ongoing aftermath of Covid lockdowns and homeworking we have all needed to have our wits about us in the battle against the scammers and fraudsters. The fact that Covid restrictions have eased does not mean we can let our vigilant guard slip. ‘Trust no-one’ is not a great recommendation for client care but taking five to ask ourselves ‘could I be being scammed here?’ is always good advice. This webinar will discuss the common types of cybercrime and fraud steps we might encounter and how best to overcome them. We will discuss

   • Scale of cybercrime
   • Types of cybercrime – systems attacks and ID fraud
   • Alarming but steady increases in incidents
   • Steps to overcome the main attacks
     • Systems attacks
       • Policies and internal protocols
       • CyberEssentials & ISO 27001
       • Cyber insurance – is it part of PII?
       • Practical steps
     • ID fraud
       • AML CDD checks
       • E-searches
       • The importance of CDD checks and verification
       • Steps to identify UBOs
       • The key point to watch
       • GDPR implications
   • Essential steps to guard against frauds of all types