Posts Tagged ‘Legal’
Why databases aren’t sufficient for AML risk assessments
While screening is a necessary first step in assessing client risk, it provides only a partial view. These static lists determine whether a client is sanctioned, a PEP, or appears on a watchlist. Screening systems rely heavily on structured databases, which tick a “yes” or “no” box. However, they fail to offer a wider perspective on the client’s overall risk profile.
Read MoreThe AML compliance challenge impacting law firm bottom lines
Many law firms have a centralised client onboarding process supported by standardised AML policies. In these systems, client-facing staff or partners collect essential client information. The compliance team then reviews it according to the firm’s AML risk appetite, policies, and applicable AML regulations. Compliance teams typically include junior analysts overseen by a few specialised lawyers…
Read MoreTaking a risk-based approach to client onboarding: a case study with Pinsent Masons
Taking a risk-based approach to client onboarding: Pinsent Masons case study Taking a risk-based approach to AML compliance with traditional tools and methodologies is slow and arduous, leading to an unbalanced approach to AML risk management. This e-book explores why firms are falling short in adopting a risk-based approach, and how Pinsent Masons are collaborating…
Read MoreNavigating AML compliance across borders with Bruno Edenogie from Orrick
We recently spoke with Bruno Edenogie from Orrick, Herrington & Sutcliffe about the key challenges compliance teams face in managing AML compliance across multiple jurisdictions.
Read MoreWebinar: AI in legal services—a case study with KaurMaxwell
AI in legal services: Case study with KaurMaxwell Founder and CEO, Mandeep Kaur Virdee, and our Head of Legal Professionals, Nick Morgan, will share examples of generative AI technologies applied to legal services from due diligence to litigation, its successes and failures, and what’s next for generative AI in legal services. Register to watch this…
Read MoreWebinar: How to pick the right compliance tools for your firm
How to pick the right compliance tools Webinar summary Zoe-Allen Robinson from Charles Russell Speechlys explains why onboarding a new client hinges on having the full picture. While they might pass as low-risk today, that profile could change in the future. Having the right technology tools from the start is key to getting a comprehensive…
Read MoreWebinar: Navigating global and local AML standards
Navigating global and local AML standards Webinar summary Join us for this webinar featuring Bruno Edenogie, Head of EU Compliance and Data Protection Officer at Orrick. We explore how to navigate global and local compliance standards and the complexities of building effective anti-money laundering (AML) programs. While we discuss the challenges of managing AML compliance…
Read MoreThe challenges with taking a risk-based approach to AML
Taking a truly risk-based approach to AML compliance using traditional tools and methodologies is slow and painstaking work.
Read MoreWebinar: How AI can be applied to client onboarding
How AI can be applied to client onboarding The public and regulatory mood has shifted. Law firms no longer ask “can we do business?” with a client but “should we?” This is a complex and nuanced question that existing tools and processes are ill-equipped to answer. So, what role can AI play here? Or more…
Read MoreSeven best legal client onboarding KYC software in 2025
When you have a fragmented suite of AML screening and due diligence tools, the last thing you need is another piece of software
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