Side stepping the trap doors of client onboarding with HiveRisk Part 3

Part 3 - Cryptoassets - how to approach CDD with a focus on client and matter risk assessment
​​​​​​Join us for the final session of a three part series where we will be joined by law firm compliance experts HiveRisk to shine a light on common issues that befall residential conveyancers when onboarding clients.
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​​​​​The Financial Conduct Authority estimated that some 2.3 million people in the UK hold cryptoassets, a 400,000 rise from the previous year. It is especially important for conveyancers to ensure that efforts are made to identify the source of cryptoassets as part of CDD and undertake the relevant client and matter risk assessments given the prominence of the money laundering risk associated with cryptoassets in the National Risk Assessment and by the Financial Action Task Force.

The SRA’s warning of Risk Assessments published 18th October 2023 is also cause for firms to take their approach seriously.

This session will focus on