About Risk & Compliance
Lexis+ Risk & Compliance is an online practical guidance product for in-house legal and compliance teams dealing with the ever-increasing and ever-shifting burden of risk and compliance.
Risk management guides
Each guide identifies five key priorities for the area of risk, and gives a heads-up on why each is a priority area. The priority is explained in further detail, with a series of mini-checklists and action points.
Competition & antitrust law compliance
Having a clear understanding of the nature of competition law compliance and the associated risks/challenges for businesses is the first step to setting effective compliance arrangements. We help organisations with this.
GDPR compliance
Practical guidance tools, registers, training aids and other templates to help you comply with data protection law and manage privacy risks
Regulation
Helping in-house counsel, privacy and compliance professionals manage the regulatory burden. GDPR, BA, MLR and plenty more, we've got it covered.
Topics We Cover
Latest Risk & Compliance News
This week's edition of Risk and Compliance weekly highlights includes new ICO guidance on anonymisation, pseudonymisation and research and significant...
The Joint Money Laundering Steering Group (JMLSG) has published final amendments to Part I of its guidance, revising Paragraphs 2.9, 5.2.4A, 5.3.94A,...
The Office of Financial Sanctions Implementation (OFSI) has imposed a monetary penalty of £4,732,830.58 on Citibank, N.A., London Branch (CBNA London)...
HM Treasury (HMT) has announced its intention to double the maximum fine available to the Office for Financial Sanctions Implementation (OFSI) from...
The Serious Fraud Office (SFO) has announced that a confidential out-of-court settlement has been reached between Eurasian Natural Resources...
Latest Risk & Compliance Practice Notes
Updated in June 2026IntroductionIreland is consistently ranked as one of the most attractive locations globally in which to establish international...
This Practice Note provides further guidance on key definitions used in the United Kingdom General Data Protection Regulation, Assimilated Regulation...
Decisions are made all the time that are taken effectively and implemented well. But decisions are also made that may seem confused, over-complicated...
On 6 July 2020, the UK introduced its first autonomous sanctions regime under the Sanctions and Anti-Money Laundering Act 2018 (SAMLA 2018). The...
The Russia (Sanctions) (EU Exit) Regulations 2019, SI 2019/855, made under the Sanctions and Anti-Money Laundering Act 2018 (SAMLA 2018), create a UK...
Latest Risk & Compliance Precedents
Please click for an Excel version of this register. The register consists of three tabs:•sample privacy risk register—this has been populated with a...
1Introduction1.1Date of report:[insert date]Date of last report:[insert date]Author of report:[insert name and role]1.2This report identifies key...
1Project overview[Insert an overview of the project, explaining why it is necessary and how it will impact on privacy. Subject to commercial...
<section><section><p>This Precedent Suspicious activity report register can help you keep comprehensive records of internal</p></section></section>
This Precedent Supply chain risk assessment and register is intended for in-house lawyers and risk professionals. It can be used to record risks to...
Latest Risk & Compliance Q&As
Featured Risk & Compliance content
Can I charge a fee for dealing with a data subject access request?
How to plan and conduct an internal investigation
How to plan and conduct an internal investigationAn internal investigation is a legal process undertaken by an organisation (with or without outside...
Can a limited company make a subject access request? Can a director of a limited company ask for recordings of calls with us? If yes, what personal data must we provide?
Anti-bribery and corruption—post-training assessment answers
Anti-bribery and corruption—post-training assessment answersQuestionCorrect answer1. How many new offences does the Bribery Act 2010 create? (b)...
Who can certify identification documents (passports, driving licences, utility bills, etc)?
Money Laundering Regulations 2017—scope and application
Money Laundering Regulations 2017—scope and applicationThis Practice Note sets out the scope and application of the Money Laundering, Terrorist...
Money Laundering Regulations 2017—nominated officer
Money Laundering Regulations 2017—nominated officerThis Practice Note sets out when organisations must appoint a nominated officer (sometimes referred...
Sanctions regime—Russia
Sanctions regime—RussiaThe Russia (Sanctions) (EU Exit) Regulations 2019, SI 2019/855, made under the Sanctions and Anti-Money Laundering Act 2018...
How to manage legal risk
How to manage legal riskIt is often said that running a business means taking risks and that the biggest risk an entrepreneur can take is not to think...
Contract management risk management guide
Contract management risk management guideWhy you need to manage this riskContract management is often seen by the business as an activity which is...
Competition law compliance—post-training assessment answers
Competition law compliance—post-training assessment answersQuestionCorrect answer1. Competition law protects business and consumers from...
SRA Code of Conduct for Solicitors, RELs and RFLs—for in-house lawyers
SRA Code of Conduct for Solicitors, RELs and RFLs—for in-house lawyersThis Practice Note provides guidance for in-house solicitors on the SRA Code of...
Anti-bribery and corruption—post-training assessment questions
Anti-bribery and corruption—post-training assessment questionsHow to use this testThese questions are designed to test your understanding after your...
How to create a legal risk register
How to create a legal risk registerThis Practice Note is intended for in-house lawyers. It explains how to create a legal risk register, a tool that...
Tipping-off and prejudicing an investigation
Tipping-off and prejudicing an investigationThere are several offences of tipping-off and prejudicing an investigation that apply to the regulated...
Confidentiality risk management guide
Confidentiality risk management guideWhy you need to manage this riskConfidential information is one of the most valuable assets of any business....
Records retention schedule
Records retention schedule1Introduction1.1This Record retention schedule accompanies and is incorporated into [insert organisation’s name]’s Records...
Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017—key information for businesses
Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017—key information for businessesThe Money...
Associated legal terms
Beneficial owner
A beneficial owner is the person who ultimately enjoys the benefit of property or an asset, even if legal title is held in another name (for example, by a nominee, trustee or company). In practice, the term is central to trust, company, banking, tax and anti‑money laundering work, where identifying the “real” owner is critical.
Across England & Wales, Scotland, Northern Ireland and Ireland, the concept is broadly consistent, though specific statutory definitions vary by context. UK and Irish anti‑money laundering and transparency regimes define “beneficial owner” for companies, trusts and other legal entities (for example, persons with more than a specified percentage of shares, voting rights or control). Trust law distinguishes between legal owners (trustees) and beneficial owners (beneficiaries with equitable or beneficial interests).
Beneficial ownership analysis underpins due diligence, sanctions screening, corporate structuring, tax planning, trust drafting and disputes about entitlement to assets. It is also key for registers of people with significant control (PSC), registers of beneficial ownership of companies and trusts, and disclosure obligations to regulators, tax authorities and financial institutions.
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