To minimise money laundering risks, practitioners within law firms are required to understand the corporate structure of their clients as well as the rationale for the structure and the intended transaction.
Money laundering strategies continue to become ever more sophisticated and for this reason this remains one of the biggest risk areas for law firms.
In this session we will be exploring:
- The obligations placed on firms to undertake due diligence on businesses
- Some of the common challenges facing law firms including complex structures and high risk countries
- A look at some solutions and how technology can be leveraged
