Risk Assessment Case Studies for Law Firm MLROs - Tips, Traps & Trends

Introduction

Carrying out your duties as MLRO can sometimes feel like walking on a tightrope.

Staying on track requires more than just focus—it demands a holistic approach and the skill to balance multiple risks effectively.

Presented by Gemma Garen, current MLRO and MLCO of a city of London law firm, this new virtual classroom will dive into real-world case studies, showcasing how a single scenario can spark multiple risks—not just money laundering. Learn how these situations can evolve into ‘traps’ if not approached with care.

Gain actionable insights to confidently navigate the complex challenges of MLRO responsibilities, with an emphasis on risk assessments.

This session will also benefit MLCOs, COLPs, COFAs, and other compliance risk professionals.

What You Will Learn

This live and interactive session will cover the following:

• Tips on how to manage multifaceted issues that arises from an AML risk
• Impact of Regulation 52 of MLR 2017 - gateway provision enabling intelligence and information sharing between regulators and law enforcement agencies
• Risk based approach - how does it really work balancing so many different types of risks?
• Trends on client and matter risk assessments including:
• How avoiding passporting risks creates hidden dangers
• How to successfully operate a client and matter onboarding process that does not derail the business whilst remaining robust and compliant (case studies on Twin Track onboarding approach)

Quick Quiz - Test Your Knowledge: Money Laundering

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.