ONE-DAY CONFERENCE | 28 FEBRUARY 2013 | LONDON

14

d re an fo r be be 9 k m 14 oo e B ec e

th

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presents the 9th

Anti-money laundering compliance for law firms

Sponsored by:

Prepare for regulatory change in 2013/14: Benchmark your firms current AML practices
A one-day intensive conference designed to ensure you:
Prepare for the regulatory change that is certain to happen in 2013/14 as a result of a strengthening of the FATF recommendations Know what to expect from a money laundering intervention and why you want to avoid one as explained by an SRA intervention agent Deal with higher-risk jurisdictions Instil compliance training from day one find out how lawyers take a different ethical standpoint in the results of a study from Nottingham Trent University Find out what implications the Shah vs. HSBC case will have on money laundering reporting Get an in-depth practical look at risk-based client due diligence and find out how to produce a written risk assessment

Expert contributions and strategic insights from:

COLPLINE

YOUR COMPLIANCE PARTNER

+44 (0)20 7549 2535 events@ark-group.com www.ark-group.com Or see back page for mailing details

A word from our chair...

I am delighted to return as the chair of this conference. Changes in European anti-money laundering regulations are widely anticipated to take effect during 2013/14 which makes this conference very timely. Not only does this event offer a programme with topical as well as essential subjects, but it also has a strong track record in assembling senior antimoney laundering professionals from the top law firms to discuss existing and new practices as well as exchange their views.

evonshires solicitors

Ian Smith, Barrister, 11 Stone Buildings

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CONFERENCE

MORE INFO

WHY THIS EVENT?

The most critical point at which you can avoid dealing with risky individuals and businesses is of course during the client takeon stage. But even at the highest levels, it is recognised that it is impractical for a firm to have to check out every client in full detail. Instead, it is advisable to take a risk-based approach. But how do you identify the key risk factors and write a written risk assessment? How do you deal with high profile clients, such as royalty, where, nevertheless, you still have to show that you have taken due diligence? At the February 2013 conference, highscoring speakers Sue Mawdsley from Legal Risk and Peter Derrick from Ogier will take you through these questions via two workshop sessions which will cover both the theory and the practice. And as you would expect, the 2013 event will also cover topical issues that are not part of but are related to anti-money laundering including international sanctions and the Bribery Act. Furthermore, you Feedback from last year can hear how the Shah vs. Very relevant to current HSBC case has impacted on developments. Very money-laundering reporting. interesting vital info. Dont be left behind when it comes to anti-money laundering best practice. Book your place today to hear from mid to large sized law firms about what the new money laundering regulations mean for you.

The strengthening of the Financial Action Task Force (FATF) Recommendations in February 2012 will undoubtedly lead to a follow-on change in the anti-money laundering regulations at a European, and then national, level by the end of this year. Taking place in February 2013, the 9th incarnation of Managing Partners Anti-money laundering compliance for law firms conference could not be more perfectly timed to provide senior law firm Money Laundering Reporting Officers (MLROs) with the information they need to plan and prepare effectively for implementation of the new rules. The conference will be opened by an intervention agent of the regulator who will talk through the behaviours and oversights that have typically landed law firms in hot water and explain why you definitely want to avoid any risk of becoming the subject of a money-laundering investigation.

Be the first to know what to expect

New rules are one thing, but as anyone responsible for compliance will know, it is the practical interpretation of the regulations that is key. Past experience has shown that any given rule could have as many different interpretations, in terms of policies and procedures, as there are law firms to implement it. So dont miss this timely opportunity to benchmark your firms practices in client due diligence (CDD) and reporting.

What are other firms doing?

Feedback from last year

This conference, which annually draws a large crowd of the most senior Money Laundering Reporting Officers in the legal services sector offers a vital opportunity for law firms to come together to work out the technicalities of putting the new money-laundering rules into place in practice within the unique context of the law firm environment, where busy fee earners must concentrate on charging out the maximum number of billable hours. The conference will also address the unique subject of the lawyer and his/her views on ethics hear from John Taylor, author of Forensic Accounting about the results of a study he conducted with Nottingham Trent University which reveals that lawyers tend to take a different ethical standpoint from as far back as law school. Find out what this means for your anti-money laundering training programmes and how you can instil the importance of compliance in your junior lawyers from day one.

Ideas for improving compliance procedures helpful and informative day. Martin Terrell, Thomson Snell & Passmore

Who should attend?

This conference is extremely beneficial to: MLRO Risk Partner Director/Head/Manager of Risk Director/Head/Manager of Compliance Director/Head/Manager of Quality Managing Partner Partner Client Intake Manager

CPD information
Attendance at this conference qualifies for 5 hours, 30 minutes of SRA accredited CPD (at intermediate/advanced level). To claim your hours, quote provider code: EEW/ARCL.

| TEL +44 (0)20 7549 2535 | E-MAIL events@ark-group.com

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AGENDA
09:00 09:30 Registration and refreshments PREPARING FOR CHANGE 09:40

THURSDAY 28 FEBRUARY 2013

14:20 Adopting a risk-based approach to client due diligence Getting to know your client Demonstrating the benefits of a risk-based approach Working with the practicalities of dealing with a high-risk client, identifying when the right answer is no! Peter Derrick, Senior Compliance Manager, Ogier Afternoon coffee break REPORTING 15:20 Suspicious Activity Reports Lawyers have an obligation to make Suspicious Activity Reports but when should you do so, what is the best way to do it, and what happens after you have? When do you need to report Timing Contents of the report Ways of actually submitting the report What you can expect having made a report Implications on reporting from the Shah vs. HSBC case what constitutes a genuinely held belief? Guy Powell, Head of Professional Standards and Compliance, Hogan Lovells BRIBERY, FRAUD AND CORRUPTION 15:50 Understanding how the Bribery Act (ABC) links to the Proceeds of Crime Act (POCA) Identifying cases which involve the proceeds of crime as a result of activity now legally considered to be bribery Deciding when to report Determining the international extent of the Bribery Act, which standards should you use in your UK firms foreign offices or if you are a multinational firm? Sharing new cases and stories Ian Hargreaves, Partner, Addleshaw Goddard Mortgage fraud as money laundering As criminal conduct resulting in criminal property mortgage fraud can also be viewed as one form of money laundering, and perhaps the type that many firms, with property practice groups, are most likely to encounter. Mortgage fraud is generally classified as application or identity fraud and can lead to losses for the vendors advisers as well as the purchasers. What additional measures should be taken beyond the normal client due diligence (CDD) processes to safeguard against the losses that many firms have suffered from property fraud, and when might fraud, or attempted fraud, need to be disclosed to SOCA (Serious Organised Crime Agency)? Classifications of property fraud CDD when acting for purchasers The duty to disclose and the principal offences Dealing with attempted fraud Matthew Moore, Director of Consultancy Services, Colpline Chairs closing remarks Close of conference

Chairs opening remarks Ian Smith, Barrister, 11 Stone Buildings

Revealing the key lessons for law firms from an intervention agent of the Solicitors Regulation Authority Understanding the primary ways in which law firms get themselves into difficulty Which practice group areas are most susceptible to money laundering? Knowing the full consequences of non-compliance What to expect during an intervention Philip Barden, Partner, Devonshires RESEARCH INSIGHTS | Encouraging lawyers to think about antimoney laundering compliance from day one Examining findings from a research study into attitudes to ethics of trainee lawyers Understanding how a lawyers sense of ethics can be established before they join your firm The importance of implementing training programmes which ensure that anti-money laundering issues stay front of mind for junior lawyers Drawing on lessons from the study to appeal to established fee earners and partners in your training Ensuring that your firms culture supports an ethical approach to dealing with clients affairs John Taylor, MSc, FCA, author of Forensic Accounting Morning coffee break SANCTIONS AND THE INTERNATIONAL PERSPECTIVE

14:50

10:20

11:00

11:30

Getting to grips with the increasing complexity of international sanctions Sanctions compliance is forming an increasingly important part of firms antimoney laundering (AML)/counter terrorist finance (CTF) programmes. Recent years have seen a proliferation of sanctions regimes used as foreign policy tools; added complexity in EU sanctions; increasingly aggressive enforcement (particularly in the US) and overlapping extra-territorial regimes which leave traps for the unwary. In this session we will examine: Sanctions, the basics types of sanctions regimes, their legal basis and jurisdictional application US sanctions and their extra-territorial scope when should law firms be worried? Compliance, screening and reporting Susannah Cogman, Partner, Herbert Smith Freehills Designing an enterprise wide approach for higher-risk jurisdictions: Can one size fit all? Practical examples from Burma, China and Russia Client due diligence brick walls and reliable sources Bribery Act (ABC) risks and realities Monitoring the monitors ensuring compliance with ongoing monitoring Amasis Saba, Compliance Manager & Deputy MLRO, Berwin Leighton Paisner Networking lunch break PERSPECTIVES ON CLIENT DUE DILIGENCE

16:20

12:10

16:50 17:00

12:40

13:40

PRACTICAL SESSION | Demonstrating a risk based approach to anti-money laundering/combating the financing of terrorism (CFT) Producing an effective risk assessment Going beyond policies and procedures to create a compliance system that works in practice Identifying early warning signs and risk factors, including country risk Ensuring that your compliance training is effective Sue Mawdsley, Partner, Legal Risk

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CONFERENCE 28 FEB 2013 LONDON

Anti-money laundering compliance for law firms

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