The Cardiff Property Hub will provide regular opportunities for you to meet and share your knowledge with a local group of experts about the relevant and topical issues in your area. They will be attended by representatives from all parties involved in the property transaction, from conveyancers, estate agents and developers, to surveyors, lenders and Local Authorities – and will make for engaging and relevant discussion spanning the length and breadth of the industry.
Useful as a refresher for COFA’s or those supporting the COFA, this half day course takes a practical look at some of the issues faced by COFA’s on a daily basis, including materiality testing and what to consider when categorising breaches.
Topics covered include:
- General update on the role
- Practical examples
- Case studies
- Materiality testing
This course focuses on the main provisions of the SRA Accounts Rules, contained within the new SRA Handbook, governing how solicitors handle clients' money, and is primarily aimed at those working in private practice.
Although assuming no prior knowledge, delegates attending this course will quickly build a sound understanding of the SRA Accounts Rules by looking at the most common compliance issues that occur in practice and the pitfalls to be avoided including problem areas such as the treatment of residual balances on client ledger accounts.
From January 2013, the Compliance Officer for Finance and Administration (COFA) within a firm will have special responsibility for ensuring that clients‘ money is handled in accordance with the SRA Accounts Rules and that any breaches of the SRA Accounts Rules are documented and reported back to the SRA.
As a Money Laundering Reporting Officer, you face constant challenges in ensuring that your firm stays compliant with anti-money laundering obligations. The Law Society’s highly popular AML training equips you to effectively manage your obligations as an MLRO, as well as the expectations of fee earners and clients, in a proportionate and effective way.
AML in Practice
Who will benefit
Persons appointed within a legal practice to undertake any of the following roles:
- Money Laundering Reporting Officers and their deputies
- Directors of Risk
- Practice Managers
It is recommended that MLROs do not attend both levels of training in one series. There will be some overlap between the levels, as key topical issues will be covered in both courses.
For new MLROs, the Law Society provides an online introductory course to enable you to more effectively participate in these face-to-face seminars. The online course can be located at: http://cpdcentre.lawsociety.org.uk/
Attendees should be familiar with the Law Society’s Practice Note - to download the practice note, visit : www.lawsociety.org.uk/moneylaundering
Members of the Law Society - £175 + VAT
Non-members of the Law Society - £275 + VAT
Members of the Law Society working in NFP - £125 + VAT
The Law Society is running a series of free Money Laundering Reporting Officer (MLRO) regional networking groups, in association with 192business and Accuity.
The groups are for MLROs in law practices, their deputies and senior compliance staff. They are designed to facilitate discussions between local law practices about the challenges of anti-money laundering AML compliance and to enable the sharing of good practice.
The events are free and qualify for 2 hours CPD. Please note that numbers are limited to two people per firm.