The CPD Regulations require that every solicitor who is a sole practitioner or a compliance partner and /or anti- money laundering compliance partner now has a CPD requirement which includes a minimum of three hours regulatory matters at least two of which shall be accounting and anti-money laundering compliance matters.

Chaired by Paul Keane, Managing Partner, Reddy Charlton Solicitors
This seminar will address the following key areas: 

Solicitors Accounts Regulations 2014: What the Obligations Require
David Rowe, Chartered Accountant
  • The essentials of the Solicitors Accounts Regulations
  • What the Law Society Investigating Accountants look for in routine Inspections
  • Areas where firms frequently fall short on compliance
  • Proposed new Regulations- looking forward
  • Practical tips to make sure that you are fully compliant 
Data Protection and GDPR: Be Aware and Prepare: The New Reality for your Practice
Anne-Marie Bohan, Partner, Technology and Innovation, Matheson

The General Data Protection Regulation (the “GDPR”) will come into effect on 25 May 2018, and will be directly effective in each EU member state, with the aim that the same rules will be applied uniformly within the EU. It is unquestionably one of the most important pieces of EU legislation in the digital era. The changes introduced will have fundamental and far –reaching implications for solicitors’ practices. 
The period between now and 25 May 2018 is the de facto transition period, during which it is imperative that you assess your current approach to data protection, undertake a gap analysis between that current approach and the requirements under the GDPR, and implement any changes and improvements which are required to achieve demonstrable compliance with those GDPR requirements. 
The GDPR will introduce much tougher sanctions for breach, modelled on existing sanctions for breach of competition law, with maximum penalties for intentional or negligent breaches of up to EUR 20 million or 4% of an undertaking’s annual worldwide turnover. Accordingly, you will need to consider and understand the implications for your practice.
This seminar will analyse the principles of the GDPR and their practical application in your practice. It will provide practical guidance on avoiding potential problems and pitfalls. It will also provide you with a checklist of the issues to be considered and addressed to achieve compliance with the GDPR.
Topics covered will include:
  • A consideration of data privacy “by design and by default” and associated security standards
  • How processing can be legitimised, including limitations on the use of consent
  • What accountability means under the GDPR
  • Transparency requirements under the GDPR
  • The additional focus on processing arrangements and records, and additional requirements for processing contracts
  • Restrictions on transfers abroad
  • When privacy impact assessments are required and what that means
  • When a data protection officer will be required
  • The new mandatory breach notification obligations: Is there an obligation to notify clients of the breach in “high risk” cases?
  • The extension and clarification of individual rights under the GDPR, including data portability and the “right to be forgotten”: Can clients now require your firm to erase personal data about them without undue delay?
  • What problems is this likely to post for practitioners bearing in mind the requirement to retain such records as are necessary for the maintenance of files and your responsibilities to the Law Society, the Revenue Commissioners and your clients?
  • The enforcement regime and the potential implications of breach of the GDPR
Anti–Money laundering (Online Hour)
Dara Robinson, Sheehan and Partners Solicitors

The managing of transactional work and anti-money laundering risks is one of the key challenges of running a solicitor’s practice. This section of the course will provide practitioners with a comprehensive overview of the practical issues likely to be encountered. It is designed to raise your awareness of your obligations under the legislation and to provide you with the necessary framework to implement the appropriate procedures and policies 

 
  • The elements of the offence of money laundering
  • Section 19 of the Criminal Justice Act 2011: reporting obligations and the impact of privilege, if any
  • Asset freezing /unfreezing
  • How solicitors can limit their risk of becoming unwittingly involved
  • Indicators of suspicion
  • How solicitors can identify, assess and mitigate risk
  • Ongoing monitoring
  • A practical guide to best practice
 
Fee: €160 (or €235 if also attending Probate seminar – email [cpd@cltireland.ie|mailto:cpd@cltireland.ie] to avail of this offer)