Kicking off the INTEL webinar sessions is Amy Bell from Teal Compliance, who will spearhead our upcoming webinar series offering three presentations, enriching our understanding of various topics.

Why INTEL? Guided by experts who not only lead in their fields but are challenging the traditional norms of legal practice, we promise to introduce you to strategies that, while innovative today, are set to become the foundation of future legal practice. Whether it’s about strengthening your firm’s resilience, honing your strategic edge, or fostering innovation, the INTEL Series is where you’ll find the inspiration, knowledge, and practical tools to set your firm up for the future.

Who should join? If you are a leader, a driver of change, or an out-of-the-box thinker passionate about shaping a sustainable, scalable, and modern future for the legal industry, you cannot afford to miss this. The INTEL Series is for those who envision a future where their practice not only thrives but leads.

Are you ready to challenge the way you think about modern legal practice?

Webinar 1 – AML Update

Staying ahead of the ever-evolving Anti-Money Laundering (AML) landscape is crucial for Money Laundering Compliance Officers (MLCOs). In 2024, two key consultations have brought significant attention to potential changes in the AML regulations, signalling that amending Regulations could be on the horizon before the year’s end. These consultations are aimed at tightening existing frameworks, addressing emerging threats, and ensuring that AML practices keep pace with sophisticated laundering techniques. This underscores the importance for firms to remain vigilant and well-informed about the latest developments to safeguard their organisations effectively.

In addition to the regulatory changes, authorities have intensified their oversight activities. Regulators are conducting thorough inspections of firms to assess their compliance with current AML requirements. The emphasis on enforcement has led to record fines for non-compliant firms, reflecting the serious consequences of failing to adhere to AML standards. For firms, this means that compliance programs are not just a regulatory expectation but a critical component of operational integrity. Firms must invest in continuous training, rigorous internal audits, and comprehensive record-keeping to mitigate the risk of regulatory breaches and protect against potential penalties.

In this session, we will look at

  • The new Failure to prevent Fraud offence, due to be in force within the next 12 months
  • What is expected in relation to Sanctions Compliance
  • The new requirements around Proliferation Financing
  • The SRA new fining powers in relation to Economic Crime and practical tips on how to avoid them.

When: Jul 17, 2024 | 10:00 AM BST

Register HERE.

Webinar 2 – Economic Crime

The Economic Crime and Corporate Transparency Act 2023 has significantly expanded the regulatory objectives of the Solicitors Regulation Authority (SRA). Previously focused on preventing and detecting money laundering and terrorist financing, the SRA’s remit now includes the broader mandate of preventing and detecting economic crime. This broader scope encompasses a wide range of financial crimes, requiring law firms to enhance their compliance frameworks accordingly.

In this informative session, Amy Bell, founder of Teal Compliance, will delve into several critical areas of this expanded regulatory landscape. Key topics include the new “Failure to Prevent Fraud” offence, set to come into force within the next 12 months, which imposes stringent responsibilities on firms to prevent fraudulent activities. Additionally, the session will cover expectations for sanctions compliance, new requirements concerning proliferation financing, and the SRA’s enhanced fining powers related to economic crime.

The agenda will follow:

• The new Failure to prevent Fraud offence, due to be in force within the next 12 months
• What is expected in relation to Sanctions Compliance
• The new requirements around Proliferation Financing
• The SRA new fining powers in relation to Economic Crime and practical tips on how to avoid them.

Amy will provide practical tips to help firms avoid these fines and ensure robust compliance.

This session is essential for all staff within law firms, equipping them with the knowledge and tools to navigate the complexities of the updated regulatory environment.

When: Jul 31, 2024 | 10:00 AM BST

Register HERE.

Webinar 3 – The Law Firm of Tomorrow

Would you do it all over again? Run a law firm? Recent reports indicate a significant decline in the desire among younger lawyers to aspire to Equity Partner status. This trend poses serious challenges for access to justice and the ability to support local communities by providing jobs. Given these shifts, it’s crucial to understand what has changed and how we can build the sustainable law firm of tomorrow.

In this session, aimed at Partners and aspiring owners of law firms, we will explore several key topics to help navigate this evolving landscape:

  • What Do Tomorrow’s Partners Want?: Understanding the values and expectations of the next generation of law firm leaders.
  • The Impact of Technology: Examining how technological advancements will shape the role of lawyers in the future.
  • Managing Administrative and Compliance Burdens: Strategies to efficiently handle the increasing administrative and regulatory demands.
  • Future Business Models: Identifying the business models that will drive success for law firms in the coming years.

Join Amy Bell, Solicitor and founder of Teal Compliance, as we examine the changes your firm may need to make to attract and retain the best talent. This session will provide valuable insights into creating a forward-thinking, resilient law firm ready to thrive in the future.

When: Aug 21, 2024 | 10:00 AM BST

Register HERE.