Emma Baddaley, our Strategic Relationship Director continues our latest webinar series looking at how you can elevate your firm and win more clients. Next up, we invite Paul Saunders to explore compliance.
We’re continuing our new Webinar Series ‘Open for Business – Elevate your Firm and Win More Clients‘ on the 25th March.
In this 45-minute session Paul Saunders, Managing Director of Legal Eye, will explore regulation and compliance in Private Client.
We will cover:
- Key risk areas for private client teams, including increased regulatory scrutiny from the SRA and HMRC.
- AML and compliance best practices, focusing on client due diligence, source of funds checks, and updated money laundering regulations.
- Trust Registration Service (TRS) compliance and the expanded reporting requirements under the Fifth Money Laundering Directive (5MLD).
- Tax and reporting obligations, including updates on Inheritance Tax (IHT), Capital Gains Tax (CGT), and estate administration.
- GDPR and cybersecurity risks, ensuring data protection compliance and mitigating cyber threats.
- Assessing mental capacity and ethical considerations, particularly in estate planning, LPAs, and vulnerable client protection.
- Economic Crime Act and sanctions compliance, covering increased due diligence on high-net-worth clients and cross-border estates.
- Practical steps to strengthen your firm’s risk management and remain compliant in an evolving regulatory landscape.
This webinar was recorded on 25th March 2025. Access the recording below.
