november, 2021

25nov10:00 am11:00 amSource of Funds - Latest SRA update unpacked

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Event Details

In this short webinar, we have partnered with leading source of funds specialist, Armalytix who are trailblazing the way law firms prove client sources of funds.

Join Armalytix’s Head of Legal and Property, Tom Lyes, and Ben Mills, Commercial Director at LFS for this short discussion.

In October, the SRA published a report on their anti-money laundering work.

Nearly a quarter of firms visited by the SRA did not have any information on Source of Funds or Source of Wealth checks in their policies.

In 2020/21 there were 273 money laundering reports made to the SRA about potential breaches of the regulations, 38 of which involved failure to carry out source of funds checks.

Does your firm know what it means to have a comprehensive source of funds check? What is the impact of the recent SRA report and the LSAG Guidance from earlier this year?

Don’t miss hearing Tom and Ben – this promises to be a jam-packed and fast paced discussion on why, further to the regulators’ report, it is crucial that law firms recognise the importance of source of funds. Minerva’s partnership with Armalytix can help your law firm address this risk.

Register today to watch the webinar live or receive the recording.

Minerva brings together everything law firms need to remotely onboard their clients, developed by LFS who have over 20 years’ experience in bringing the latest technology to law firms. Their intelligent client onboarding solution is leading the way, helping law firms across England and Wales deliver a superb client experience.

Time

(Thursday) 10:00 am - 11:00 am

Organizer

Law Firm Services/ Minerva

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