Client Due Diligence for US Attorneys

A new online course developed by the Online Compliance Consortium USA Core Group

Does this phone call sound familiar?

US Partner: …You can’t be serious. I have known these clients for over 10 years. Whose side are you on any way?

UK Partner: Give me a break! I am on your side, I am on the side of the firm and I am on my side. If I fail to do the required client due diligence and as a result fail to report a suspicion of money laundering, the firm’s international reputation is at stake and I personally can go to prison. So think about your responsibility to the firm and your colleagues and just ask for the documentation.

Click here to Demo: US Client Due Diligence

Tension between US attorneys and their colleagues practicing in AML regulated jurisdictions is all too often the result of confusion over the varying international compliance requirements. This 30 minute course, collaboratively developed by leading US law firms, is intended to: help relieve that tension; clarify the international CDD and AML requirements imposed on US attorneys; protect the firm’s reputation; and help support international compliance.

If you are interested in more information, please email Howard Finger at [email protected], or call him at +44(0)7503270236.

How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

“In a world older and more complete than ours they move finished and complete, gifted with extensions of the senses we have lost or never attained, living by voices we shall never hear.”