AML Compliance, and Legal Costs Recovery
€75.00
CPDTWO HOURS OF CLIENT CARE & PROFESSIONAL STANDARDS FOR THIS WEBINAR
Introduction
In a constantly evolving legal environment, staying informed on compliance and legal costs is essential. This CPD event offers key updates from industry experts on two crucial areas: Anti-Money Laundering (AML) regulations and legal cost recovery.
Joan Bourke, Senior Manager at Xeinadin, will provide an overview of current AML practices, including customer due diligence, suspicious transaction reporting, and risk assessments. Denis Shelly, an expert in legal costs, will explain the recent changes in adjudication procedures and the importance of Section 150 Notices. Finally, Noel Roarty will offer practical advice on recovering professional fees and the role of file maintenance in this process.
This event will equip you with practical knowledge to enhance your compliance and cost recovery practices.
Note: Two hours of client care and professional standards CPD (minimum 3 hours of 25 hours required and excess hours in this area can be used towards other CPD requirements) – including the mandatory hour of AML CPD which is a requirement for compliance partners/principals
Learning Outcomes
An attendee will learn about AML
✔︎ Update on Anti-Money Laundering Regulations
✔︎ Update on AML practice and procedures
✔︎ Business Risk Assessment
✔︎ Customer Risk Assessment
✔︎ Customer Due Diligence
✔︎ Annual Monitoring
✔︎ Suspicious Transaction Reports
✔︎ Mandatory AML Training and MLRO
✔︎ Case Examples of Red Flags
An attendee will learn about Costs
✔︎ Provide information on the new system of the Adjudication of Legal Costs
✔︎ Advise on the procedural aspect of the new formal Bills of Costs
✔︎ The importance of Section 150 Notices and compliance with the Mediation Act
✔︎ The increases provided for in the District Court Solicitors’ Costs Rules 2023
✔︎ Enable you to expedite the process in having a Bill of Costs prepared and/or taxed/adjudicated
✔︎ File maintenance, why it is essential?
✔︎ What do County Registrars and Legal Costs Adjudicators look for? What to focus on.
✔︎ What is a party and party fee and why is it important to understand this in practice?
✔︎ Legal Practitioner and Legal Costs Accountant … do recent developments suggest a closer relationship going forward?
Description
Speakers
Speaker | Joan Bourke
Joan Bourke is a Senior Manager at Xeinadin and holds various legal and compliance advisory roles across the various entities of Xeinadin. Joan also works on the Xeinadin Insolvency Team, which offers a broad array of services, including personal insolvency, bankruptcy and debt restructuring.
Joan is a graduate of the University of Limerick and holds an L.L.B. (Hons.) Degree in Law & European Studies and is a qualified solicitor. Joan holds professional membership of the Law Society of Ireland and the Association of Compliance Officers in Ireland (ACOI). Before joining the firm, Joan worked for a top 10 leading Irish law firm and two other Dublin-based law firms.
Speaker | Noel Roarty
Noel Roarty is the Managing Director of Roarty & Co. Legal Costs Accountants . He has worked in legal costs since 2001. His journey in the legal field began in various roles, which equipped him with a comprehensive understanding of the intricacies of legal costs. Noel is a Fellow of the Irish Institute of Legal Costs Accountants (FILCA).
Speaker | Denis Shelly
Denis is the owner and director of Denis Shelly Legal Cost Accountants, a company specialising in high court personal injury and medical negligence litigation. Denis Shelly has extensive experience in industry and attends Taxations before County Registrars nationwide and before the Legal Costs Adjudicators in Dublin.
