Category archive: LATEST NEWS

New global AML course

Socrates now offers a “global” anti-money laundering course. It is designed to enable international firms to provide AML training to all their people world-wide. Hence the course focuses on universal principles, without giving too much detail about UK law. If you are interested in providing AML training to all your lawyers globally please get in…

Maternity leave: training for managers

Socrates is proud to launch a new course on managing women who are going on or returning from maternity leave. The role of the manager is critical in helping women to make a successful return from maternity leave. Our new course will help firms to retain experienced female staff after they start a family. Online…

Avoiding mortgage frauds

We have added a template policy on avoiding involvement in mortgage frauds and other property frauds to our COLP & COFA service for law firms. The new version of Lexcel (the Law Society’s quality standard for law firms) requires that firms have such a policy.  In any case it is sensible for any firm doing…

Can you rely on Post Office certified documents?

The Post Office provides a service whereby it will certify that copies of a passport etc are true copies of the original.  The customer can then send off the certified copy to a firm which is doing AML checks, so as to verify their identity.  But we have discovered that Post Office counter staff are…

New “Refresher” course published

Socrates has launched a thoroughly rewritten and updated version of its “Refresher” training module for lawyers.  It includes some current developments, and sets out the six guiding principles fee earners need to understand, as well as providing a quiz to verify that you have got the message.  The course is suitable for those who have…

Maternity leave – training for managers

We are about to release a new course on how to manage staff going on, or returning from, maternity leave.  For any organisation serious about diversity, this topic is crucial. For details, including the chance to view a pre-release demo of the new course, call 020 7586 6199. The course is a joint venture with…

Crack down on law firms’ money laundering checks

Both the SRA and the National Crime Agency have launched crack downs on money laundering in law firms. Paul Philip, SRA Chief Executive, said “Our work will focus initially on those firms deemed at highest risk, but all firms need to be aware of the issue. There will be serious consequences for those who fail…

Data protection warning to law firms

The Information Commissioner has warned law firms to take better care of client files, particularly when taking paper files out of the office.  This follows a series of incidents in which lawyers have lost sensitive client information. We have updated the Socrates precedent Data Protection Policy, and sent a warning to subscribers.

Money laundering issues for estate agents

Three firms of estate agents were recently fined £246,000 for failing to put in place proper anti-money laundering processes.  This is a reminder that estate agents are regulated by the Money Laundering Regulations.  They must be registered with HMRC as their regulator for money laundering compliance purposes. Socrates is shortly launching a complete AML service…

New Consumer Contracts Regulations apply from 13 June

These regulations apply to retainers with consumers, from 13 June 2014.  They are horrible.  Full of traps and ambiguities. The consequence that when the retainer is a “distance contract” (e.g. most contracts made by phone or email) or made “off premises” and the client is a consumer, the client has a 14 day cooling off…

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