We specialise in advising legal and property professionals on legal advisory and regulatory issues including:
- Professional Regulation – Assistance and advice in complying with professional regulatory requirements and standards, and conduct investigations
- Professional Indemnity Insurance Coverage Issues – Advice on Insurance policy coverage and disputes with insurers block notifications, and problems obtaining cover.
- Anti-Money Laundering – Advice on reporting issues, policies, procedures and training.
- Anti-Bribery & Corruption – Advice, policies, procedures and training
- Data Protection – Subject access requests, policies, procedures and training
- Consumer Protection from Unfair Trading Regulations – Training
We offer a Helpline service for Money Laundering Reporting Officers dealing with questions on suspicious activity reporting, reports to the National Crime Agency, concerns about tipping off and any other questions they may have.
Three steps to AML Compliance
1. Risk Assessment
In preparation for implementation of the Fourth Money Laundering Directive in June 2017, relevant businesses need to undertake a Risk Assessment of their Money Laundering, Terrorist Finance and wider financial crime exposure. We help organisations to produce this Risk Assessment. This includes interviewing key personnel members across the various parts of the business to help assess the risks.
We then produce a draft Risk assessment for your consideration followed by the final Risk assessment for your business to retain and build on the following year.
2. Policy & Procedures
We prepare risk-sensitive and appropriate Anti-Money Laundering Policies and Procedures reflecting the business risk assessment. In this way, you can demonstrate that your Policies and procedures have been arrived at adopting a risk based approach.
The AML requirements mean that businesses should effectively monitor the effectiveness of their risk assessment and policies. We can assist directly with Independent Audit, or assist you in developing an audit methodology.
Anti-Money Laundering Training
We have been delivering tailored training sessions to property professionals ever since property professionals became subject to regulatory compliance over a decade ago. We have spoken at RICS events and webinars on Anti-Money Laundering.
We deliver in-house training in accordance with the regulatory requirements, as organisations are required to demonstrate that staff have been appropriately trained.
We can also deliver a range of online training and webinars.
We have advised on insurance issues for surveyors, architects, local search providers and other property professionals. Our instructions have included successful resolution of coverage disputes, and working with our clients’ insurance brokers to help firms with ‘issues’ find cover. We have particular expertise in resolving problems caused by rogue staff.
We advise firms facing conduct investigations by professional bodies such as the Royal Institution of Chartered Surveyors. We are top-ranked in the legal directories and our clients include many of our own fellow lawyers.