Teal Compliance

The management of client accounts has come under increased scrutiny in recent years, with the SRA questioning whether law firms should continue to handle these accounts themselves. One alternative that has been proposed is the use of third-party managed accounts . But is this the right move for law firms? Read out latest blog to find out more - link in the comments 👇 #lawfirmcompliance #legalcompliance

5 Key Steps: Ensuring AML Compliance When Opening Client Accounts 🏦 Opening client accounts requires careful AML checks. Here are 5 key steps to ensure compliance: 1️⃣ Verify the client’s identity using reliable documents 2️⃣ Confirm the source of funds and business purpose 3️⃣ Conduct risk-based assessments for high-risk clients or transactions 4️⃣ Apply enhanced checks for foreign clients or complex structures 5️⃣ Keep a detailed record of the account opening process for future audits Following these steps reduces the risk of onboarding risky clients. How thorough are your account-opening procedures? Need to outsource your compliance? We've got you SORTED! Visit the link in the comments 👇 #ClientAccountOpening #AMLCompliance #LawFirms #RiskBasedChecks #ComplianceAudits

Do you feel confident that your law firm compliance training works? If not, take a look at Teal College! It's part of compliance technology, the Teal Tracker, and provides you with a full range of engaging courses for you to assign to staff at all levels, in all roles. Want to know more about how it works and how it can help you? Click the link below to book a demo today! 👇 #compliancetech #legaltech #legalcompliance

💻Book On Our FREE Webinar! Ask Me Anything - AML Compliance Join our CEO, Amy Bell, for this much sought-after FREE, legal compliance, lunchtime webinar, where she'll answer all of your AML questions in real-time! To find out more, visit the link in the comments 👇 #legalcompliance #compliancewebinar

The new stamp duty thresholds come into effect in April 2025 - reducing the limit for first-time buyers to £300k and for other homebuyers to £125k. Check out the blog in Today's Conveyancer which has been written by Teal's CEO, Amy Bell: https://loom.ly/kz55tu4

If you’re new to the role of a compliance officer in your law firm, congratulations! 🎉 If you have a key position as the MLRO or the COLP, getting to grips with our handy hints will help you stay on top of regulatory expectations and best practices. Our latest blog features: ➡️Understanding the responsibilities ➡️How to keep on top of key legislation and guidance ➡️Risk assessment and client due diligence ➡️SARs and internal reporting ➡️Training and staff engagement ➡️Staying compliant with the SRA ➡️Managing stress and your own risk Visit the link in the comments to read more👇 #lawfirmcompliance #legalcompliance

5 Key Steps: Addressing AML Risks in Remote Work Environments 🏠 With remote or hybrid working now 'the norm', it's introduced new AML challenges. Here’s how to manage them in 5 steps: 1️⃣ Strengthen data security protocols to protect client information 2️⃣ Ensure employees use secure networks for all client communications 3️⃣ Adapt AML monitoring tools for remote access 4️⃣ Provide additional training on cyber risks and AML compliance 5️⃣ Regularly audit remote processes to identify potential gaps Adapting AML processes for remote work environments is essential. How secure is your remote compliance? Need to outsource your compliance? We've got you SORTED! Visit the link in the comments 👇 #RemoteWork #AMLCompliance #CyberSecurity #DataProtection

If you've not by now heard about the Teal Tracker, it's time you did! We took all your compliance frustrations and built this technology solution that streamlines your law firm's compliance and helps keep you, your firm and your client safe! Want to know more about how it works and how it can help you? Click the link below to book a demo today! 👇 #compliancetech #legaltech #legalcompliance

💻Book On Our FREE Webinar! What is the REAL Role of a Partner in a Law Firm? Join our CEO, Amy Bell, and Simon McCrum from MCCRUM CONSULTING for this FREE, legal compliance, lunchtime webinar. To find out more, visit the link in the comments 👇 #legalcompliance #compliancewebinar

Congratulations to our Associate and Head of Partnerships, Eilish Cullen, for yet more fantastic feedback! ⭐ Eilish recently hosted our AML Source of Funds and Wealth Course, a highly sought-after course providing the latest information and guidance in AML Compliance. If you'd like to know more about the compliance training we offer, simply visit the link in the comments 👇 #amltraining #compliancetraining