Risk and Compliance Questions and Answers 2nd ed

The new second edition of Risk and Compliance Questions and Answers has been updated to incorporate the latest regulatory information and guidance from government, the SRA, LSAG and the Law Society.

Through a series of over 200 questions and answers, covering common to complex issues, this book provides practical guidance on points that those tasked with risk and compliance in their firm or business need to consider and respond to quickly. It also provides invaluable assistance to all managers and fee earners working in the firm.

Covering key areas such as:

• anti-money laundering
• financial crime, including sanctions
• Economic Crime and Corporate Transparency Act 2023
• the regulatory framework
• the SRA Accounts Rules
• data protection
• professional ethics
• conflicts and confidentiality
• client care, and
• law firm management and HR

Each question and answer also suggests helpful resources and provides valuable compliance tips.

An essential companion on your risk and compliance journey; this book can be dipped into as required or read cover to cover to assist with a firm or legal department’s risk assessment and audit process.

table of content

PART 1: Anti-money laundering

1. Anti-money laundering legislation

2. Risk assessments

3. Client due diligence

4. Suspicion and suspicious activity reports

5. Practice management and HR

 

PART 2: Financial crime

6. Anti-bribery and corruption

7. Tax evasion and the Criminal Finances Act 2017

8. Sanctions

 

PART 3: Regulation and compliance

9. Regulatory framework

10. Practising certificates, certificate renewals, continuing competency regime and health issues

11. SRA Accounts Rules

12. Data protection

13. Financial services

14. Modern slavery

15. Price transparency

16. Conflicts of interest

17. Confidentiality, disclosure and conflict of duties

18. Acting on a client’s matter

19. Client care

20. Running a law firm – compliance questions