Including
- The impact of AML and CTF on Risk Management;
- Risk Management from an insurance perspective;
- Consequences of operating outside the regulatory and AML Framework.
Presented by
Mr Gary Thompson FCII CIP
Gary was a Senior Vice President at Marsh Limited where he had direct responsibility for managing all claims and circumstances notified by law firms insured under the Law Society of Northern Ireland Compulsory Professional Indemnity Insurance Master Policy Scheme. He managed all claims and circumstances under a substantial claims handling delegated authority. He provided advice to insured firms at the notification stage and where appropriate instructed a panel firm in the defence of a claim. He was responsible for setting reserves and deciding on liability and litigation tactics. Gary has prepared risk management articles for publication in the Writ and was instrumental in developing a coherent risk management strategy that involved delivering risk advice to solicitors throughout Northern Ireland. It is recognised the strategy has resulted in increased risk awareness and controls within the legal profession resulting in an improving claims experience and improved risk profile. Gary has a unique insight and knowledge of the risks faced by the Northern Ireland legal profession that may result in professional indemnity claims. He has an unrivalled understanding of what practical steps can be taken by firms to mitigate the insurable risks they face.
Recognising the regulatory challenges faced by Northern Ireland law firms particularly in relation to Anti-Money Laundering Gary has successfully completed the Law Society of Scotland specialist AML Certification Course in order to assist firms understanding the fundamentals of AML compliance and grow in confidence in their approach to meeting the requirements of the UK Money Laundering Regulations.
Gary also provides expert witness opinion to insurers and policyholders on a range of insurance coverage disputes to include solicitors professional liability.
Date, Time and Venue
Available on YouTube from Monday 9th September 2024
Who Should Attend?
All Principals, Consultants and Assistant Solicitors working in private practice in N Ireland
Why Attend
Learn about the three topics mandated by the Law Society NI for Risk Management CPD
What Will The Seminar do for you?
You will have your two hours of compulsory Risk Management CPD.