02032397238
hello@alca.org.uk
Sign Up
Today

On Demand Training Videos

As an Org Plus Plan subscriber, you have unlimited access to the On Demand training library of pre-recorded training videos. You can watch these as many times as you like at your own leisure. Questions can be posed to trainers during and after the video, with responses being provided within 2 working days. Ensure you’re logged into your account to access.

For non-subscribers and all other plan subscribers, access can be purchased separately.

Coming Soon
 
Start Quiz

Results

Impressive. Take a bow. You answered all questions, correctly. Test your knowledge and have a go at some of our other online quizzes.

QUIZZES

Unfortunately, you’ve not passed. Consider booking some training with us to further your knowledge.

EVENTS

Start Quiz

#1. What is the name given to the VAT that is due on your taxable supplies i.e your fees/expenses and vatable disbursements?

Previous
Next

#2. Normal VAT Tax Point (time of supply) rules apply to Legal Aid work?

Previous
Next

#3. You’re acting for a client in respect of a divorce. Your client’s place of belonging is Spain. Your firm’s place of belonging is the UK.

Under the post Brexit VAT rules, when invoicing the client, what tax rate do you apply?

Previous
Next

#4. You pay the firm’s practising certificates from the business account.

When posting the transaction, What VAT rate should you select when posting the payment to the accounting system?

Previous
Next

#5. To be valid for VAT purposes a credit note must be issued within:

Previous
Next

#6. Your firm is acting for a client. The case is a criminal matter. The fee earner instructs a specialist to produce video copies of CCTV footage where the action is slowed down, hard copies of individual frames and enhanced/enlarged sections of images are produced. The cost of this service is being passed on to the client.

When billed, the cost is a:

Previous
Next

#7. You pay the window cleaner for cleaning the windows of your offices. They are not registered for VAT.

What VAT rate should you select when posting the invoice to the accounting system?

Previous
Next

#8. You have instructed an interpreter in order for your client to be able to communicate with you or to enable your client to understand Court proceedings. The cost of the interpreter is being passed on to the client. When billed, the cost is:

Previous
Next

#9. Your firm is acting for a client and has instructed a translator to translate a document which needs to be produced in Court.

When including the cost of the translator in your bill of costs, you treat it as a:

Previous
Next

#10. Your firm is acting for a client in respect of a purchase of a residential property. The lawyer applies for an OS1 search direct from the Land Registry. The search result reveals that there has been alterations made to the register since the date the Official Copies were produced by way of a restriction. The lawyer advises the client on the results of the search.

When billed to the client, you would treat the cost as:

Previous
Finish

AML 3

Speaker: Jo Morris

Length: 1 Hour

Published July 29, 2023 Last Updated on July 29, 2023

Who is this training for?

This online workshop is for MLRO/MLCO, partners, fee earners, compliance teams and anyone else involved they may be involved in these risk assessments.

Purpose of this training?

In the world of AML we have several layers of risk assessment.  The two top level risk assessments are firstly, the National Risk Assessment (NRA) followed by the SRA Sectoral Risk Assessment.

The next level down is the practice wide risk assessment (PWRA), a legal requirement under Regulation 18 of the MLR 2017 and one of the most important pieces of AML documentation in our firm.

Often forgotten are the final two risk assessments – client and matter.  The client risk assessment is part of the CDD process and you must consider the risks of each client paying particular notice to your practice wide risk assessment. The more you get to know your client and understand the instructions they are giving you, the better placed you are to assessment risk, know when something appears suspicious and therefore protect your firm.

Matter risk assessments focus on the specific risks that a matter presents. These risk assessments should not be a tick box exercise but should identify risks with reference to your PWRA, rates the risks and then, justify the ratings using a support rationale.  Although matters may be of the same type every matter is different.

This live and interactive session will cover the following:

  • What needs to be considered when putting together a client and matter risk assessment – client, location, PEP, source of wealth and source of funds
  • Templates?
  • What does the relevant guidance say
  • Relevant questions to ask to determine risk – not just a tick box exercise
  • Difference between a person and entity client and matter risk assessment
  • Ongoing monitoring of risk
  • Additional information that may be included on these risk assessments

Further Information

Accounts & Finance Practice Notes 

Compli-Q – Compliance FAQs

Blogs

Forum

Practice notes and training sessions represent the Association of Legal Compliance & Accounts’ view of good practice in a particular area. They are not intended to be the only standard of good practice that firms can follow. 

Practice notes and training sessions are not legal advice, and do not necessarily provide a defence to complaints of misconduct or poor service. While we have taken care to ensure that they are accurate, up to date and useful, we will not accept any legal liability in relation to them.

Frequently Asked Questions

Why Online?

All ALCA online training is delivered live, interactive and is recorded. We bridge the gap between ‘face-to-face’ and online training by applying a blended approach. Questions can be posed to trainers throughout the workshops with quizzes/polls being used to engage with attendees. 

Workshops can be continuously replayed for 30 days after broadcast. 

Benefits?

  • Reduced cost
  • Can be taken anywhere on any device – no travel time or cost
  • Shorter and more efficient than face-to-face 
  • Live and interactive
  • Recorded and can be replayed at your leisure

Depending on your subscription and the length of the workshop, the pricing is as follows:

Plan

Online (1 hour)

Online (2 hours)

Online (3 hours)

On Demand

e-Learning

Non-Subscriber

£95.00

£120.00

£145.00

No Access

No Access

£45.00

£90.00

£120.00

No Access

No Access

£0.00

£0.00

£0.00

£0.00

£0.00

Our online workshops are delivered via Zoom. You can access the session via your computer, tablet or mobile device.

We recommend you run a system test and check your internet speed by clicking HERE.

If your firm prevents you from using Zoom, please contact us.

There is no requirement to attend live but we advise that you do where you can as this will be the best experience for you. Don’t forget, you can pose questions live to the trainer and join in with the interaction when you attend live. Also, be mindful that you have access to the recording for 30 days, after which, it will no longer be available.

Not at all. We prefer it if candidates do as it makes the training more engaging but it is not mandatory to turn your camera or microphone on during the training session.

If you don’t have a microphone, you can still pose questions using the chat facility.

[bws_linkedin display=”follow”]