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Latest NewsFriday 1st November 2019
COLP/COFA SRA Compliance Conference. Hannah Somers & Kathy Hayes of Rundlewalker Solicitors, chat with Clive Myrie of the BBC.
On the 30th November, Hannah Somers and Kathy Hayes of Rundlewalker Solicitors Exeter, attended the 2019 COLP/COFA SRA Compliance Conference at the ICC, Birmingham. In addition to enjoying the informative presentations and breakout sessions, they also had the opportunity to meet and chat with Clive Myrie from the BBC, who was once again Chairing the event. For Kathy, this was the second year in a row that she had the opportunity to chat with Clive and get his thoughts first-hand.
Compliance Officers for Legal Practice (COLPs) and Compliance Officers for Finance and Administration (COFAs) play a key role in the SRA's regime of outcomes-focused regulation, aimed at producing the most appropriate outcomes for consumers of legal services. The COLP and COFA is instrumental in creating a culture of compliance throughout a firm, becoming its focal point for the identification of risk, and the key point of contact for the SRA.
Through COLPs and COFAs, the SRA is promoting the benefits of closer working between the regulator and those who are regulated. During this years event however, attendees were told that the recent SRA review of money laundering practice, shows a fifth of law firms are failing on money laundering compliance and warned of strong action against those who continue to fall short. For full details, visit: www.sra.org.uk
Clive Myrie, Journalist, Foreign Correspondent and BBC News Presenter (Chair). Clive opened the event by presenting the Chairs' introductory remarks. More HERE...
Clive Myrie is an English television news journalist and presenter, who works for BBC News as London World Affairs Correspondent and as presenter of BBC Weekend News. He is the main evening presenter on the BBC News Channel Monday to Wednesday and alternate Thursdays and he presents BBC News at Ten on alternate Sundays.