Introduction
Solicitors have considerable regulatory compliance requirements and Anti money Laundering obligations. Dr. Shane McCarthy, solicitor and Vice Chairperson of the Regulation of Practice Committee of the Law society of Ireland and AnneMarie Whelan BL are industry experts with vast experience in these matters.
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
Attendees will learn about:
Regulation of Practice
✔︎ Regulation of Practice Committee
✔︎ Compensation Fund
✔︎ Compliance with the Solicitors Acts 1954-2015
✔︎ Law Society Investigations
✔︎ Common problems
✔︎ The “Dos” and “Don’ts” of dealing with a Law Society Audit
✔︎ Client account deficits
✔︎ Inactive balances
✔︎ Sections 150-152 of the Legal Services Regulation Act 2015
✔︎ Dispute Resolution Process
✔︎ Regulation Answers and free solicitor helpline
Anti-Money Laundering
✔︎ What is Terrorist Financing?
✔︎ Core Risks to Designated Persons
✔︎ New EU Rules and the legislative framework
✔︎ Obligations of Designated Persons
✔︎ Liability for Directors, officers and Senior Managers
✔︎ Customer Level risk Factors
✔︎ Financial Sanctions
✔︎ Suspicious Activity Reporting
✔︎ Detection of “Red Flags”
✔︎ Enforcement
✔︎ Competent authorities
Speaker
Dr. Shane McCarthy
Shane is a practising solicitor with Fitzgerald Legal & Advisory LLP in Cork. He is a Council Member of the Law Society of Ireland and currently serving on: Regulation of Practice Committee (Vice Chair), Criminal Law Committee (Vice Chair), Human Rights & Equality Committee, Mental Health & Capacity Task Force, Practice Support & Communications Committee, Mental Health Law & Capacity Task Force, Professional Wellbeing Steering Group.
AnneMarie Whelan BL
AnneMarie is Lead Regulatory Consultant and CEO with RegSol. As a former practising Barrister who converted to regulatory compliance in 2014, she has developed expertise in areas of Anti-Money Laundering, Consumer Protection and Data Protection. She regularly presents at industry events on these topics.
AnneMarie is named MLRO for a credit union and has assisted numerous clients in the development of AML/CFT frameworks across the range of designated persons in Ireland.
