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Latest Practice Compliance News

Practice Compliance weekly highlights—8 April 2021

Practice Compliance weekly highlights—8 April 2021

The following Practice Compliance news provides comprehensive and up to date legal information on Practice Compliance weekly highlights—8 April 2021

LexisPSL and MLex trial new interactive EU GDPR enforcement tracker

LexisPSL and MLex trial new interactive EU GDPR enforcement tracker

The following Commercial news provides comprehensive and up to date legal information on LexisPSL and MLex trial new interactive EU GDPR enforcement tracker

DPAs may not be receiving sufficient judicial scrutiny

DPAs may not be receiving sufficient judicial scrutiny

The following Corporate Crime news provides comprehensive and up to date legal information on DPAs may not be receiving sufficient judicial scrutiny

Practice Compliance weekly highlights—1 April 2021

Practice Compliance weekly highlights—1 April 2021

The following Practice Compliance news provides comprehensive and up to date legal information on Practice Compliance weekly highlights—1 April 2021

Featured Practice Compliance content

Facilitation payments under the Bribery Act 2010

Facilitation payments under the Bribery Act 2010

Facilitating the performance of a duty by public officialsFacilitation payments, also known as facilitating or grease payments, are generally small...

What is a solicitor's undertaking?

What is a solicitor's undertaking?

An undertaking is a commitment by a solicitor to do something. It can be enforced against the solicitor by the courts. Failure to comply with an...

Active bribery, passive bribery and bribing foreign public officials

Active bribery, passive bribery and bribing foreign public officials

The purpose of this Practice Note is to provide a general understanding of the offences under section 1, 2 and 6 of the Bribery Act 2010 (BA 2010). It...

High-risk third countries tracker

High-risk third countries tracker

This Practice Note lists high-risk third countries identified by the Financial Action Task Force (FATF), HM Treasury and the European Commission as...

Precedents

Modern slavery: contract clauses

1DefinitionsModern Slavery Policy•means the Customer's anti-slavery and human trafficking policy as set out in Schedule [insert] as updated by the...
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9th Nov
tag iconIn-house
Practice notes

AML and counter-terrorist financing—source of funds

Source of funds and wealth was a key focus of the SRA’s Preventing Money Laundering and Financing of Terrorism thematic review, published in March...
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9th Nov
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Practice notes

Introduction to retained EU law

This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...
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9th Nov
tag iconBrexit
Precedents

Standard contractual clauses—set II—controller to controller (Model Clauses)

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see...
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9th Nov
Precedents

Anti-bribery and corruption for law firms—post-training assessment questions

How to use this testThese questions are designed to test your understanding after your attendance at our training on avoiding bribery and...
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9th Nov
Practice notes

Compliance officer for legal practice—COLP—title and duties 2011 [Archived]

The compliance officer for legal practice (COLP) sits at the heart of the firm's regulatory arrangements. This does not mean that the firm and its...
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9th Nov

Most recent AML & counter-terrorist financing content

Practice notes

Money Laundering Regulations 2017—CDD quick reference guide—Partnerships, LLPs and companies

Client due diligence (CDD) is a central pillar of the anti-money laundering (AML)/counter-terrorist financing (CTF) regime. CDD requirements underpin...
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14th Apr
Practice notes

Making a SAR and obtaining a defence or consent—law firms

This Practice Note reflects draft Legal Sector Affinity Group (LSAG) AML guidance, published on 20 January 2021. It awaits HM Treasury approval. Note...
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13th Apr
Precedents

Money Laundering Regulations 2017—nominated officer job description and role profile—law firms

This document reflects draft Legal Sector Affinity Group (LSAG) AML guidance, published on 20 January 2021. It awaits HM Treasury approval. Note that...
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13th Apr
Practice notes

Money Laundering Regulations 2017—systems and controls requirements—law firms

This Practice Note explains the regulatory requirement to implement systems and controls to mitigate and manage effectively the risks of money...
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12th Apr
Practice notes

Money Laundering Regulations 2017—CDD and beneficial ownership—law firms

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), SI 2017/692, as amended,...
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12th Apr
Practice notes

Money Laundering Regulations 2017—CDD quick reference guide—individuals

Client due diligence (CDD) is a central pillar of the anti-money laundering (AML)/counter-terrorist financing (CTF) regime. CDD requirements underpin...
Read More >
12th Apr
Precedents

Money Laundering Regulations 2017—nominated officer—annual AML and counter terrorist financing report to the board, senior management team or other—law firms

STOP PRESS: Draft Legal Sector Affinity Group (LSAG) AML guidance was published on 20 January 2021. It awaits approval by HM Treasury and any content...
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12th Apr
Practice notes

Money Laundering Regulations 2017—nominated officer—law firms

This document reflects draft Legal Sector Affinity Group (LSAG) AML guidance, published on 20 January 2021. It awaits HM Treasury approval. Note that...
Read More >
9th Apr
Practice notes

Proceeds of Crime Act 2002—information sharing in the regulated sector—superSARs

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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Produced in partnership with Michael Potts of Byrne and Partners LLP 9th Apr
Practice notes

Getting the Deal Through: Anti-Money Laundering 2020

Jurisdictions coveredThe following jurisdictions are covered in this report:Australia; Denmark; France; Germany; Greece; Hong Kong; India; Italy;...
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9th Apr
Practice notes

AML and counter-terrorist financing—source of funds and source of wealth

Source of funds and wealth was a key focus of the SRA’s Preventing Money Laundering and Financing of Terrorism thematic review, published in March...
Read More >
6th Apr
tag iconIn-house
Q&As

How do you undertake client due diligence (CDD) checks on an individual who is abroad, who you have never met and is not a PEP?

STOP PRESS: Draft Legal Sector Affinity Group (LSAG) AML guidance was published on 20 January 2021. It awaits approval by HM Treasury and any content...
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6th Apr
Q&As

Do I have to establish the source of funds for every property matter?

STOP PRESS: Draft Legal Sector Affinity Group (LSAG) AML guidance was published on 20 January 2021. It awaits approval by HM Treasury and any content...
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6th Apr
Precedents

Establishing the source of funds and source of wealth—guidance table for staff

This table ties together source of funds and source of wealth requirements and recommendations contained in the Money Laundering Regulations 2017 (MLR...
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6th Apr
Precedents

Source of funds investigation record

1Introduction and instructions1.1We must establish the source of funds involved in a transaction in relation to ongoing monitoring (where...
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6th Apr
Precedents

Source of funds statement

STOP PRESS: Draft Legal Sector Affinity Group (LSAG) AML guidance was published on 20 January 2021. It awaits approval by HM Treasury and any content...
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6th Apr
Practice notes

Receiving funds—money laundering concerns

This Practice Note reflects draft Legal Sector Affinity Group (LSAG) AML guidance, published on 20 January 2021. It awaits HM Treasury approval. Note...
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6th Apr
Practice notes

Money Laundering Regulations 2017—client due diligence—law firms

This Practice Note provides guidance on client due diligence (CDD) which is a central pillar of the anti-money laundering (AML) and counter-terrorist...
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6th Apr
Practice notes

Money Laundering Regulations 2017—enhanced due diligence—law firms

This Practice Note explains your obligations around enhanced due diligence (EDD) and what it means for you in practice. It reflects the Money...
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6th Apr
Practice notes

Money Laundering Regulations 2017—ongoing monitoring—law firms

As part of your client due diligence (CDD) measures, you must conduct ongoing monitoring of your business relationships.This Practice Note explains...
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6th Apr

Popular documents

LEXISNEXIS

What is a contract of insurance?

This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of insurance and the possible consequences of carrying on activities relating to a contract of insurance without the requisite regulatory permissionsThe

LEXISNEXIS

Strike out—no reasonable grounds for bringing or defending the claim (CPR 3.4(2)(a))

Coronavirus (COVID-19): The guidance detailing normal practice set out in this Practice Note may be affected by measures concerning process and procedure in the civil courts that have been introduced as a result of the coronavirus (COVID-19) pandemic. For guidance, see Practice Note: Coronavirus

LEXISNEXIS

CE-File—electronic filing and case management in the Rolls Building and other courts

This Practice Note looks at CE-File electronic working in the courts under CPR PD 51O, in the context of case management. It provides guidance on how to file a document electronically, deal with rejected electronic filings, issue a claim electronically, file electronic bundles (eBundles) for case

LEXISNEXIS

Compulsory winding up of a company—the process and procedure

STOP PRESS: The Corporate Insolvency and Governance Act 2020 contains provisions which, on a temporary basis (presently until 31 December 2020) impose significant limitations on the ability for a creditor to seek a winding-up order against a company. For further reading, see Practice Note: Corporate