As a leading City law firm with a substantial international focus, Clyde & Co has a number of formal risk management systems and procedures in place as well as a dedicated Risk and Compliance department, consisting of lawyers and compliance professionals.
Risk and Compliance
The Risk and Compliance department provides a framework for managing risk, focusing primarily on operational and regulatory risk. It is also responsible for advising on and ensuring compliance with applicable legislation and professional conduct obligations such as the Solicitors Regulation Authority Code of Conduct, anti-bribery and corruption, anti-money laundering and data protection legislation.
The Business Acceptance Unit (BAU)
Integral to the Risk and Compliance support-platform of the global practice, BAU is responsible for providing internal, business-critical services including client/matter registration and facilitating the Conflict of Interest and Client Due Diligence regimes in line with internal policies and procedures. Its function extends to screening for restricted, sanctioned and prohibited individuals and entities in addition to Politically Exposed Persons (PEPs).