SOC_AML_Contact_v2LATEST NEWS

New AML regulations published!

The government has published its draft of the new money laundering regulations. There is an 8 week consultation period, but in practice we reckon this draft is the real deal. It will come into force on 26 June. The changes are huge. The rules are over 100 pages long and replace the 2007 regulations in…

New course on (not) facilitating tax evasion

The Criminal Finances Bill will introduce new offences of failure to prevent the facilitation of tax evasion. The offences are modelled on the offence of “failure to prevent bribery” in the Bribery Act 2010. The effect may be to make a businesses liable for the acts of its staff and other “associated persons” who commit…

Compliance Masterclass – May

We are repeating our masterclass for MLROs this May, and adding another for COLPs. Dates: Tuesday 9 May, at the Law Society in London Thursday 11 May, at the Holiday Inn, Manchester Content: You can choose to attend either or both of the following: Morning: How to be a MLRO Recent changes including the fourth…

Anti-Bribery Course

An all-new Socrates Anti-Bribery course launches soon. In fact there will be three versions. – One for people who work in law firms – One for UK businesses – One for international businesses In designing this training we are glad to have the assistance of lawyers from the anti-corruption compliance and investigations team at Dechert…

Socrates v The Law Society

Our case against the Law Society has now been heard by the Competition Appeal Tribunal, chaired by Roth J. The four-day trial ended on 11 November. Judgement has been reserved. We are seeking to restore the right of over 3000 law firms in the Conveyancing Quality Scheme to buy the training they want. Currently the…

Health and safety course goes live

Our new course on health and safety in the office is now live. Employers are obliged to provide staff with health and safety training and information. Our course includes three modules. It covers workstation assessments and RSI, plus stress, as well as the more obvious things like fire safety. People told us they hated the…

PSC Registers arrived today!

From today unlisted UK companies and LLPs must have a “register of people with significant control”. In principle that makes the task of identifying the beneficial owners of such clients easier. But there are traps. We have sent subscribers a bulletin on this, and also a specimen email to distribute to their staff to explain…

MLRO Masterclass

We had a great turn out for our masterclass for Money Laundering Reporting Officers on 2nd March at the Law Society. Thanks to everyone who came and contributed to the lively sessions.

New AML for law firms course

Our completely revised AML training and quiz for fee earners in law firms goes live on 23 January. This has been completely rewritten, not only to be bang up to date, but to have lively graphics and animations. We hope you will like it. The version for international firms is also being renewed, and that…

New course on unconscious bias

Our new course on unconscious bias explains how we are all affected by bias, how bias works, and how this can lead to poor decisions and unfairness. It takes users through nine proven techniques to reduce the impact of unconscious bias. A handout explains the research evidence, just in case anyone is sceptical of the…

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