HiveRisk

HiveRisk are delighted to bring this value packed session to our clients and contacts. It is especially important for practitioners to ensure that efforts are made to identify the source of cryptoassets as part of CDD and undertake the relevant client and matter risk assessments given the prominence of the money laundering risk associated with cryptoassets in the National Risk Assessment and by the Financial Action Task Force. The SRA’s warning of Risk Assessments published 18th October 2023 is also cause for firms to take their approach seriously. In this session we will cover: - Where Cryptoassets may show up in law firms - A basic and practical guide to Crypto and Virtual Assets - What the Legal Sector Regulators are saying about Crypto - How to approach CDD and Client and Matter Risk Assessment Register today for front row seats! #conveyancers #lawfirms #crypto #solicitors #kyc

I’ve made the loooooong trip to Ipswich today to work with one of our newest clients to deliver our Fraud Risk Masterclass to their compliance team. Take a look below if this sounds like something your team would benefit from HiveRisk #fraudprevention

It's beginning to look a lot like Christmas here at HiveRisk HQ. One of the perks of being stationed here at Ribby Hall Village is that we are always dressed to impress and in tune with the changing seasons. Last week we launched our Christmas offer for law firm MLROs throughout the land. Schedule your 2025 Independent AML Audit before Midnight on Christmas Eve and we'll gift you the required PCP repair as part of the service. Most audits we undertake highlight the need for repair work to: ? Firmwide Risk Assessment ? AML policy and procedure ? Client and Matter Risk Assessments ...just to name a few. Book your 2025 audit before Christmas and celebrate in style in the New Year with not just from an audit report highlighting areas for improvement, but you'll also have your shiny new and improved framework documents gift wrapped too. This offer expires midnight on Christmas Eve 2024, please share far and wide if you have law firms in your network. Get in touch with Graham Wood if you'd like to secure your slot.

How to start a business with no investment or personal savings… Sorting through some old paperwork this evening I came across this ‘business plan’. I remember vividly sketching it out on my kitchen table late 2021/ early 2022. I couldn’t afford employees and I knew I couldn’t scale beyond a lone consultant on my own. I worked out a low risk strategy to allow me to start building with consultants being paid on work secured. I could also share some of the fee across the secured work to pay consultants to help with operations and building templates and processes. I couldn’t afford to pay myself from the business so I took part time work. And do you know what… it bloody worked. One of our first ‘consultants’ is now our Managing Director and our monthly revenue now exceeds what I used to earn for an entire year as a senior solicitor allowing us to hire and retain exceptional people. We’re still so early in our growth journey but it’s staggering to step back and see how far we’ve come under our own steam completely bootstrapped to this stage and carrying no debt. Never underestimate the power of a dream, perseverance and a team of passionate and talented people.

We have the same commitment to excellence and pride in our work whether we are working with global giants or sole practitioners. “HiveRisk conducted a fraud risk review which covered our global offices and was expertly done. They have impressed us with their knowledge, expertise, responsiveness and in particular their flexibility. We have already invited them to work with us on other projects in the future.” Top 10 UK / Top 60 Global Law Firm

Book your Independent AML Audit with us before Christmas we'll gift you our PCP repair service for free. Most audits we undertake highlight the need for repair work to: ? Firmwide Risk Assessment ? AML policy and procedure ? Client and Matter Risk Assessments ...just to name a few. Book your 2025 audit with HiveRisk before Christmas and celebrate in style in the New Year with not just from an audit report highlighting areas for improvement, but you'll also have your shiny new and improved framework documents gift wrapped too. This offer expires midnight on Christmas Eve 2024, please share far and wide if you have law firms in your network. Get in touch with Graham Wood if you'd like to secure your slot.

Six thousand years of recorded history reads like this: opportunity mixed with difficulty.?It isn't going to change. So, you ask, 'How will my life change?' When you change! -?Jim Rohn. Huge shout out to Team HiveRisk for another big week, huge strides made making the most of the 'opportunity' and not being defeated by the 'difficulty'. Happy weekend all, another big one next week! ??

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A number of our clients have received their letter from the SRA this week confirming they've been selected for a visit and requesting information and documentation for a review of their AML framework and procedures. Our retainer clients have the reassurance that they are already in a good position given the work we have done with them and further we are able to guide them through what the letter is asking from them and cut through and demystify any technical terms used. For firms who we don't already work with in this way, we offer short notice consultancy and expeditied support to guide you through step by step how to navigate the audit, whether that's decoding the letter, helping you understand and present your responses, or helping you make the necessary preparations to ensure you put your best foot forward. We can be an extra pair of experienced hands to do some of the heavy lifting to support you through the process. If you have received your letter and are worried about how to respond or what work you need to do, please get in touch to see how the HiveRisk team can support you at short notice. Please share if you have law firms in your network, this might be just the support someone is looking for. hashtag #aml #SRAfirmvisits #solicitors #lawfirms #compliance #amlcompliance

Last fraud post for international fraud awareness week 2024. The profile of a fraudster. Who is actually committing these frauds? - More men than women with a higher median loss caused by men. - More employees than owners but owners caused a higher median loss. - Two thirds of fraudsters have a university degree! - 31-50 is the most common age bracket. If you want help to implement an effective fraud prevention program take a look at our website www.hiverisk.com to see how we can help. HiveRisk #fraud #ifaw2024