Brought to you by Ark Group
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8 top takeaways from AML 2019

27 June 2019

<div><strong>On 19 June 2019, the ARK Group held the </strong><a href="https://amlforlawfirms.co.uk/" target="_blank"><strong>Anti-Money Laundering for Law Firms conference</strong></a><strong> in London... </strong></div>

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5 things lawyers need to know about AML

15 May 2019

<div class="ql-align-justify"><strong>With the SRA reporting last week that 44% of the firms they recently visited in an Anti-Money Laundering (AML) thematic review have been referred through to their disciplinary procedure, the level of compliance in law firms has again been called into question...</strong></div>

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SRA: Money laundering – it’s good to talk

08 May 2019

<div><strong>According to Colette Best, director of Anti-Money Laundering (AML) at the SRA, one of the most enjoyable aspects of her money laundering role is getting out and meeting the profession to discuss how to effectively prevent money laundering...&nbsp;</strong></div>

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You can't manage what you don't measure

30 April 2019

<div><strong style="color: rgb(0, 0, 0); background-color: inherit;">There are plenty of lessons that&nbsp;law&nbsp;firms can learn from the financial services industry in&nbsp;terms of&nbsp;strengthening their&nbsp;anti-money laundering (AML)&nbsp;compliance programmes...&nbsp;</strong><span style="color: rgb(0, 0, 0);">&nbsp;</span></div>

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Living with the AML Regulations and looming changes for the financial sector

18 April 2019

<div><strong>Ensuring your business is compliant with the Anti-Money Laundering (AML) Regulations and related legislation has become a board room issue for all in the financial services sector…</strong></div>

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Horizon-scanning with Amasis Saba: the Fifth Money Laundering Directive

11 April 2019

<div><strong>In June 2017, the Fourth Money Laundering Directive came into force across the EU. In what must have seemed like a blink of an eye to those rushing to demonstrate compliance with its mandates, April 2018 – a mere ten months later – was the month that the European Parliament announced it would be adopting the Fifth Anti-Money Laundering Directive…</strong></div>

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Data deliverables: the future of analytics in the compliance function

03 April 2019

<div><strong>Anne Godbold outlines the process of translating compliance analytics from proof of concept stage to fully-fledged solution…</strong></div>

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When I grow up I want to be… a compliance officer

27 March 2019

<div><strong>“Someday, when I grow up I want to be a compliance officer” said no child ever. Although maybe that’s changing; perhaps more accurately stated, “…said no child, yet.”&nbsp;</strong></div>

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SRA launches new regulatory model for Nov 2019

26 March 2019

<div><strong>After several years of consultation, updates and an approval process, the SRA has announced its new standards and regulation rule book...</strong></div>

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Is the UK’s AML regime a point of weakness?

25 March 2019

<div><strong>Jane Jee and Graham Barrow ask whether we are any closer to a consistent approach in the UK’s AML regime, or whether cracks remain…</strong></div>

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Law firms: GDPR fines are now a reality

20 March 2019

<div><strong>In order to ensure compliance, law firms require actionable advice and smart solutions that will protect them against GDPR fines…</strong></div>

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4 ways to bounce back from risk management failures

18 March 2019

<div><strong>It is a well-known cliché that failure presents us with our best learning opportunities. There is undoubtedly truth in this but turning risk management failure into a meaningful learning outcome demands the right mindset…</strong></div>

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SRA Handbook: are you ready for the changes?

26 February 2019

<div><strong>In the seven and a bit years since the Handbook came into force, the Solicitors Regulation Authority has been in constant update mode. It’s now up to 400+ pages and version 21; little wonder it’s difficult for solicitors to keep up...</strong></div>

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Goodbye Handbook, hello SRA Standards and Regulations

17 January 2019

<div><strong style="color: black;">So, we finally have a title for the regulatory reform package which will be launched later this year: the SRA Standards and Regulations…</strong></div>

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The compliance officer of tomorrow

14 January 2019

<div><strong style="color: rgb(51, 51, 51);">As the compliance&nbsp;burden increases, the role of the compliance officer will become more demanding…&nbsp;&nbsp;</strong></div>

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New GDPR guidelines get territorial

13 January 2019

<div><strong>The European Data Protection Board (EDPB), the body in charge of the application of the General Data Protection Regulation (EU/2016/679) (GDPR), has published proposed new guidelines in relation to the territorial scope of the application of the GDPR…</strong></div>

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SRA Handbook: The 5 changes you need to know about

07 December 2018

<div><strong style="color: rgb(51, 51, 51);">The Legal Services Board has now approved a comprehensive re-draft of the SRA Handbook. These new rules will be known as the SRA Standards and Regulations. They are due to replace the SRA Handbook at a date yet to be fixed between April and June 2019. Five of the key changes are summarised below...</strong></div>

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PEP talk

27 November 2018

<div><strong>Today’s business environment of global trade and interdependency also means global risk. Businesses are subject to a variety of regulations put in place by governments and international institutions to mitigate that risk...</strong></div>

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6 ways to underpin compliance work at your law firm

23 November 2018

<div><strong style="color: rgb(51, 51, 51);">As compliance professionals, we must ensure that our employees are able to work in an environment that is compatible with regulatory and ethical standards.&nbsp;Tracey Calvert,&nbsp;board member of the Legal Compliance Association and director&nbsp;at&nbsp;Oakalls Consultancy Limited,&nbsp;shares 6 actionable ways to support legal compliance work at your law firm...</strong></div>

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Data takeaway

19 November 2018

<div><strong style="color: rgb(51, 51, 51);">With detailed discussions, ARK Group's recent GDPR event for risk and compliance professionals covered the many and varied technical aspects of the new regulatory regime...</strong></div>

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6 mantras to underpin compliance work

15 November 2018

<div><strong style="color: rgb(51, 51, 51);">Social media is full of many things I really do not need to know - pictures of other people's dinners and insights into edited versions of their lives, and countless different "inspirational" stories, poems and quotations...</strong></div>

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Why financial services is on the risk and compliance agenda

09 November 2018

<div><strong style="color: rgb(51, 51, 51);">The next Ark Risk and Compliance conference is taking place from 29 - 30 January 2019. I'm delighted to have been asked back again; it has been a whirlwind couple of years in terms of all our regulatory, compliance and ethics agendas and, of course, more change is imminent with the SRA's ditching of the 2011 Handbook and the launch of its new style regulatory package in 2019. January will be a good time to take stock, reflect and plan for ongoing compliance solutions...</strong></div>

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The age of the compliance professional - are you ready?

02 November 2018

<div><strong>Tracey Calvert discusses&nbsp;the update to the SRA Handbook...</strong></div>

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In with the new

16 October 2018

<div><strong>David Jackman offers advice for those planning to recruit compliance staff, amidst the emergence of a ‘new compliance’…</strong></div>

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What are the essentials of the GDPR journey so far?

12 October 2018

<div><strong>Steve Connors, Partner and&nbsp;Governance Risk &amp; Compliance lead at Haines Watts talk about the essentials of the GDPR journey...</strong></div>

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The age of the compliance professional - are you ready?

08 October 2018

<div><strong style="color: rgb(51, 51, 51);">It took me a long time to stop describing the SRA Handbook, when it was launched in 2011, as the new Handbook; sometimes it is hard to believe that we are now on the nineteenth version of this rulebook (and yes, I know that it is not totally made up of rules and not actually a book)...</strong></div>

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Data breaches in the 'Golden Age'

25 September 2018

<div><strong>In an environment of increasing cybercriminal activity, the new civil claims that data subjects can bring for data breaches under GDPR create significant exposure for financial services companies. Ann Henry considers how to hedge this risk…</strong></div>

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GDPR - current international developments

31 August 2018

<div><strong>Nick Stone, ARK Group conference producer writes about latest GDPR developments as part of&nbsp;the UK government negotiations&nbsp;on EU withdrawal...</strong></div>

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A new risk outlook and another look at ethical behaviours

31 August 2018

<div><strong style="color: rgb(51, 51, 51);">Just suppose the SRA visited you tomorrow, how confident would you be that you could demonstrate an up-to-date response to the risks of running a law firm?</strong></div>

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Britain’s got talent

08 August 2018

<div><strong style="color: rgb(51, 51, 51);">The recent ARK Group events explored the legal profession's approach to recruiting new talent through apprenticeship and graduate schemes. The current driver for attracting new talent is, in part, shaped by the SRA proposal on the SQE...</strong></div>

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The connection between "Love Island" and trust

01 August 2018

<div><strong style="color: rgb(51, 51, 51);">I have resisted the temptation to watch "Love Island". That's not a great hardship as I don't think that I'm the target audience and I'm content to stay loyal to my guilty "EastEnders" pleasure instead...</strong></div>

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Using self-reflection to drive risk management

26 July 2018

<div><strong style="color: rgb(51, 51, 51);">Understanding the boundaries of your competence is key to managing risk individually and makes a vital contribution to risk management at an organisational level...</strong></div>

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Stronger together

25 July 2018

<div><strong>Sally Afonso makes the case for cross-sector learning to develop the strength of the compliance profession and the individuals within it…</strong></div>

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Making waves

20 July 2018

<div><strong>James Young considers how junior compliance professionals can make an impact in the early stages of their career...</strong></div>

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Law lessons

12 July 2018

<div><strong style="color: rgb(51, 51, 51);">Flicking through magazines in the hairdressers the other day, I read an article in which famous celebrities were penning letters to their younger selves. These were often life lessons they wished they had realised earlier. It was highly illuminating!</strong></div>

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GDPR - what else?

30 May 2018

<div><strong style="color: rgb(51, 51, 51);">Writing this article in the first week of the GDPR era, of course I'm going to turn my attention to this addition to the regulatory and compliance portfolio...</strong></div>

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5 ways to check for the signs of stress

10 May 2018

<div><strong style="color: rgb(51, 51, 51);">For 2018&nbsp;Mental Health Awareness Week&nbsp;(14-20 May), they're focusing on&nbsp;stress...</strong></div>

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5 tips for GDPR and getting consent

26 April 2018

<div><strong>Simon McNidder has provided five of his top tips to help you navigate your way around GDPR and getting consent...</strong></div>

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GDPR - It’s about education and communication

25 April 2018

<div><strong style="color: rgb(51, 51, 51);">The recent ARK Group GDPR for law firms event was packed and informative. A range of industry practitioners had the twin task of providing an essential check list of outstanding issues while anticipating the challenges ahead after implementation day on 25 May 2018...</strong></div>

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International data protection developments

19 April 2018

<div><strong>Mark Lubbock, Partner,&nbsp;Brown Rudnick LLP, writes about data protection developments in US...</strong></div>

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GDPR: preparations needed before and after 25 May 2018

05 April 2018

<div><strong>Nick Stone, ARK Group conference producer, talks to three GDPR experts:&nbsp;Alison Matthews, Director of Quality and Risk at&nbsp;Shoosmiths,&nbsp;William Richmond-Coggan,&nbsp;Partner at&nbsp;Pitmans Law&nbsp;and&nbsp;Gordon Jones,&nbsp;Partner at&nbsp;Kreston Reeves...</strong></div>

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SRA, diversity and the need for CODIE

05 April 2018

<div><strong>This article by&nbsp;Sophie Khan, Solicitor Director at Sophie Khan &amp; Co. Solicitors and Higher Court Advocates, considers the position of a compliance officer for diversity, inclusion and equality...</strong></div>

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Graduate recruitment gets a diversity message and goes undercover

29 March 2018

<div><strong>Graduate recruitment strategies and career development programmes need to change. The change is driven by the SRA’s SQE reforms, by technology and by the need for diversity and social mobility...</strong></div>

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The conveyancing experience and effective service delivery

28 March 2018

<div><strong style="color: rgb(51, 51, 51);">Conveyancing is often the focus of regulatory considerations. This is perhaps understandable when you consider that it is a target area for criminals wanting to use dirty money to buy property or to target the department with mortgage, property and identity fraud scams...&nbsp;</strong></div>

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The shifting tectonic plates of the legal market

15 March 2018

<div><strong>Not a month goes by without a conference or seminar on innovation in legal services. Underlying this frenzy of interest are some profound shifts in the tectonic plates of the legal market...</strong></div>

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Mission accomplished

05 March 2018

<div><strong style="color: rgb(51, 51, 51);">Safely back for ARK Group's annual anti money laundering event which took place in the height of the ‘Beast for the East' weather. There may have been a flurry of snow outside as we examined everything from sanctions to staff training, but I am pleased to bring a flurry of post event take away points!</strong></div>

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SRA: Most law firms doing well following money laundering review. But urges others to comply

02 March 2018

<div><strong style="color: rgb(51, 51, 51);">"The credibility of law firms makes them an obvious target for criminals wishing to launder money. Tackling it is crucial not only to maintain trust in the profession, but also for the good of society. Money laundering is not a victimless crime - it helps fund terrorism and those involved in drug trafficking and people smuggling"</strong><span style="color: rgb(51, 51, 51);">- </span><strong style="color: rgb(51, 51, 51);">Paul Philip, Chief Executive, SRA...</strong></div>

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4 reasons lateral hires fail

01 March 2018

<div><strong style="color: rgb(51, 51, 51);">It seems logical that both law firm growth and the plugging of a skills and market gap can be met by hiring a partner with an existing following or reputation from another firm...</strong></div>

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Supervision - a compliance resource which must be used effectively

23 February 2018

<div><strong style="color: rgb(51, 51, 51);">I make no apologies for returning to a familiar theme in this article: supervision. More specifically, effective supervision. Without an effective supervision strategy, law firm managers and compliance officers cannot accumulate the evidence which is needed to evaluate whether systems are working, risks managed, weakness identified and the firm's culture embedded...</strong></div>

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10 things to consider when rethinking your firm’s compensation system

22 February 2018

<div><strong>Innovating your firm’s compensation model can be a herculean task - especially if your existing framework has been in place for decades – but it’s a vital job to undertake if you want to future proof your firm, retain your star players and ensure you have as strong pipeline of top legal talent for the years ahead...</strong></div>

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AML: It's all about policies, process, controls and customer due diligence

15 February 2018

<div><strong>It’s been over six months since the introduction of the 4th Money Laundering Directive. There are two features which stand out: (1) policies, process and controls, (2)&nbsp;Customer due diligence...</strong></div>

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Don’t forget e-privacy

10 January 2018

<div><strong style="color: rgb(51, 51, 51);">With so much news about the GDPR, it's possible to overlook the equally import e-privacy regulations...</strong></div>

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Managing regulatory relationships - 5 steps to an effective compliance strategy

18 December 2017

<div><strong style="color: rgb(51, 51, 51);">The tail end of the year signals the compliance conference season. It's a chance to reflect, to check progress, share and network, and gather thoughts for the year ahead. One of my personal annual highlights is Ark's Annual Risk and Compliance Conference which was held at Canary Wharf on 6-7 December...</strong></div>

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Ethical and compliance thoughts about departure and lateral hires

29 November 2017

<div><strong style="color: rgb(51, 51, 51);">Whilst we often hear the phrase "departures and lateral hires" in the context of law firm management, I must admit that I haven't had cause to think about the topic in any detail until very recently...</strong></div>

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The Money Laundering Regulations 2017 - Making good use of your compliance skills

19 July 2017

<div><strong style="color: rgb(51, 51, 51);">You can't have failed to notice that the Money Laundering Regulations 2017 came into force last month. Finally! And although we have known that the start date would be 26 June 2017 for a long time, when this day arrived I think it is fair to say that there was an element of uncertainty about what was expected of us...</strong></div>

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The future of 'bring your own device'

12 November 2015

<div><strong style="color: rgb(51, 51, 51);">Bring your own device, BYOD. If, like my wife, you've never heard of it before today, you've probably been doing it for a while regardless; taking one or more of your personal devices to work. It could be a phone, a smartphone, a tablet or laptop, and work could mean the office, a virtual office or merely a business trip...</strong></div>

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3 cyber security risks you need to be aware of

14 October 2015

<div><strong>What action does your company need to take to ensure your staff know the risks associated with cybercrime? Here Mark Johnson, a certified information security manager and open-source intelligence expert, identifies&nbsp;3 of the most significant cyber security risks&nbsp;that could be affecting your organisation right now...</strong></div>

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Interview: Tracey Calvert

11 June 2015

<div><strong style="color: rgb(51, 51, 51);">As director of Oakalls Consultancy, and as a former employee of the Law Society and the Solicitors Regulation Authority (where she had a variety of roles including senior ethics adviser as well as helping draft the SRA handbook), Tracey Calvert is one of leading UK voices on compliance...</strong></div>