The Liverpool Law Society Compliance Conference 2022

Earlier this month, our co-founder & CEO Aidan Larkin was invited by The Liverpool Law Society to deliver a presentation on the fundamentals of crypto asset recovery for the virtual audience of The 2022 Compliance Conference. Aimed at legal professionals practising in England and Wales, the conference featured several sessions outlining the current state of compliance in civil litigation. The day began with a look at the future of the Solicitors Indemnity Fund (SIF) from Linda Lee, a regulatory law specialist from Weightmans law practice in Liverpool. She discussed the importance of consumer protection in the coming months and the need for long-term solutions to be found for the challenges currently faced by lawyers in this space. This was followed by a deep dive into the world of complaints with Jason Chapman from the Legal Ombudsman. Using the latest statistics, Jason highlighted the most common complaints raised by consumers and how legal professionals can avoid experiencing them. He covered the ombudsman’s research in the type of language used in complaints, as well as how to deal with particularly difficult clients. Next on the agenda was an update on compliance in anti-money laundering from Rachael Lawrence from Legal Risk. She shared several tips for compliance with the audience based on the trends they’ve seen doing independent audits. The morning session was concluded by Norman Denton from Legal Eye, who discussed how legal firms can prepare for a visit from the Solicitors Regulation Authority (SRA). After lunch, Aidan took to the virtual stage to talk about crypto asset recovery. He outlined the basic principles behind blockchain technology before explaining how cryptocurrency can be used to fund criminal activities around the world, ensuring to describe the red flags that legal professionals should be looking for. Aidan went on to highlight the risks and opportunities presented by the crypto market for civil litigation practitioners. He was keen to stress the importance of collaboration between the public and private sectors in the fight against crypto crime; particularly when dealing with the billion-dollar seizures that will be used to set a legal precedent. The conference drew to a close with a presentation on the dark side of technology by Andrew Allen, the CEO of corporate IT specialist Aabyss. He illustrated how criminals use cyber attacks as a form of online shopping and why this can be a lucrative career choice for some despite the significant costs to victims; as well as the ways you can protect yourself when using conducting purchases online.

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