Client and Matter Risk Assessments – how to complete the CMRA effectively
The SRA’s AML inspections frequently highlight the lack of client and matter risk assessments, or non-compliant client and matter risk assessments, on matter files.
This 2-hour course will explain the what, why and how and Client and Matter Risk Asssessments, using Enderley Consulting’s template CMRA as a guide. It will cover:
- The legislative framework – the Money Laundering Regulations and Legal Sector Affinity Group Guidance
- SRA Guidance. Warning Notices and AML Reports
- Tips and guidance on completing the CMRA – what to record and how and where to record it. What the SRA expect to see
- How to use the Firm wide AML risk assessment when completing the CMRA
- Client Risk – what type of due diligence is needed for each type of client? Electronic and/or paper ID? What factors increase client risk?
- Matter risk – what factors make a matter higher risk
- Geographic risk – the location of your firm and your client base; higher risk jurisdictions
- Source of funds and wealth – how far should your investigations go?
- Delivery Channels – how well do you know your clients? How can you reduce or manage the risks?
- Assessing and recording overall client and matter risk
- When to refer the CMRA to the MLRO
What our clients say…
“Anne & Ed know their stuff and know how to deliver it so it makes sense and covers every person from Director to an admin assistant in the firm. The training was concise, covered all key aspects and expanded in areas where more details is required … it was delivered at a good pace and was interactive which involved team discussion … although it was nearly two hours, it didn’t feel like we were talked at- it was very much an open discussion throughout …all members of the team either had enhanced knowledge or something new from the training.”
Rachael Gent
Director, Gent Law
Are you ready to take the next step ?
Please reach out to Anne to discuss our training packages above or your individual requirements so we can provide a quote.