Client due diligence remains a key area of focus for the SRA, and highlighted in its 2020/2021 report
that 83% of its 29 enforcement actions featured insufficient CDD.
Over the last few years, there have been great strides in legal technology to address this issue specifically, providing law firms with tools to enable robust, consistent client due diligence processes, and the appropriate oversight across the firm.
With access to biometric IDV, ongoing PEPs/Sanctions screening, Source of Funds, Company Reports and more, law firms have more technology to support with AML compliance and the opportunity to create simple processes for both their staff and clients alike.
In this webinar, Richard Hill and Alyisha Arblaster from Advanced and Lauren Watson from Legl will be discussing how to leverage this technology for comprehensive risk and compliance processes at your firm. They’ll be discussing:
- How to create consistent, robust client due diligence processes
- How new technology can help to boost client satisfaction and experience, improving conversion of new client enquiries and retention of existing clients
- How technology integrations can enable your firm to streamline operations, all whilst creating a clear source of truth for your AML compliance