Risk Assessments

In common with many of their clients, law firms face a number of regulatory challenges in demonstrating that the policies and procedures they use are properly risk-based and appropriate. Anti-money laundering and anti-bribery and corruption polices are good examples.

A fundamental prerequisite to a firm’s ability to demonstrate that they have adopted a reasoned and risk-based approach is a written risk assessment. Indeed, from an anti-money laundering perspective, this is likely to become mandatory under the Fourth EU Money Laundering Directive.

It can also be invaluable in establishing a defence in the event of a breach of the SRA Code of Conduct as it  can amount to evidence of professional judgement being applied.

We help firms undertake risk assessments, including planning and creating the written assessment.

Key Contact

Sue Mawdsley

For specialist legal advice on Risk Assessments please contact Sue.

0345 330 6791 sue.mawdsley@legalrisk.co.uk

Latest

  • Legal Risk Publication

    Risk Update July 2021

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  • Legal Risk Publication

    Press release 15 June 2021 – Legal Risk LLP boosts team with senior hire from Solicitors Regulation Authority

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  • Legal Risk Publication

    Risk Update July 2021

    Read More
  • Legal Risk Publication

    Solicitors Indemnity Fund - Fourteen months to find a solution

    Read More
  • Legal Risk Publication

    Press release 15 June 2021 - Legal Risk LLP boosts team with senior hire from Solicitors Regulation Authority

    Read More