Essential guidance for law firm compliance officers
COLPs (Compliance Officers for Legal Practice) have always had a difficult job to do being, as they are, primarily responsible for ensuring compliance with the SRA’s Handbook. As the SRA relax those rules the role is becoming more onerous and other alterations to the operating framework have increased the pressures on them considerably.
This webinar will look at recent developments and will consider the role of the COLP afresh in the light of them. They include a new focus on AML/TF risk assessments, key issues arising from the GDPR in practice as well as changes to the Handbook, Accounts Rules, the Transparency Regulations, Criminal Finances Act 2017, SRA logo, new suggestions as to how to deal with VAT on disbursements and the changes to the structures of practice that are occurring already.
Delivered by compliance consultant and trainer Trevor Hellawell of ExL Practice Development, this 60-minute webinar will cover the following topics:
• The role of the COLP generally
• New STaRs 2019
• Rule changes and their implications:
o Changes to the Practicing Environment
o Codes of Conduct
o Structures of Practice
o Accounts Rules (in outline)
o Key GDPR issues for the practice
o CFA 2017
o Transparency Rules 2018
o SRA logo
o AML/TF Risk assessments
• The role now – who wants it?
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