As anti-money laundering practices begin to take a more risk-based approach, MLRO operations are evolving. The SRA now require more action from today’s Risk and Compliance Officers and have sent over 7,000 letters to law firms requesting them to respond to audits and change. The 5MLD is up and running and the outlook for the future is just as challenging with a possible 6MLD expected, the growing importance of cryptocurrencies and amidst global regulatory developments.
ARK’s Anti-Money Laundering Compliance for Law Firms conference is widely respected as the only event in the market aimed at senior law firm MLROs that also combines high-level, forward-thinking policy and regulatory updates with practical guidance from the realities of legal practice. This year's event provided attendees with a checklist to prepare the MLRO operating environment with peer-to-peer panel sessions, practical case studies and an outlook beyond 2020. Read more