Last week’s Compliance for Law Firms session saw Elizabeth Hyde of Hesper GRC discussing how the use of psychology, in particular psychological safety, can help and support risk and compliance functions by encouraging a ‘speaking up’ culture within an organisation. Whilst also focusing on how psychological safety fosters an environment of creativity, innovation and growth.… Continue reading How the use of psychological safety support risk and compliance functions
Category: Blog
Chinese Money Launderers Partner with Mexican Drug Cartels
Chinese money launderers are facilitating the fentanyl epidemic and helping international drug traffickers, like Mexican cartels and the Italian mafia, launder the proceeds of crime. The Financial Times investigated the connection between capital flight from China and global organised crime and released a film exposing the issue on 21st June 2024. This article distills the… Continue reading Chinese Money Launderers Partner with Mexican Drug Cartels
SRA AML Visits, a change in approach?
This week’s Compliance for Law Firms session saw HiveRisk’s Gavin Ball and Kate Burt take the digital centre stage to tee-up the discussion area of SRA AML visits, specifically, how the approach seems to have changed since the warning shots fired at the COLP COFA Conference in October last year. The closed discussion forum comprised… Continue reading SRA AML Visits, a change in approach?
Is this overkill? Sanctions checks on clients and counter parties
It’s no secret that the SRA is taking an active interest in how firms are approaching their management of the sanctions regime.
A snapshot of a COLP’s day, week, month and year
There’s a lot that goes into running a tight compliance ship in a law firm.
New-style scam alert warning
Individuals are contacting law firms alleging to be from the SRA and asking to attend their offices for a “pre audit meeting.”
Facing the regulators: preparing your law firm for SRA visits
When the SRA selects your law firm for a review, it’s essential to understand the process and be prepared.