Financial compliance

The Financial Compliance Department is responsible for monitoring compliance with the accounts rules, including the money laundering regulations and related areas. This is done through the inspection and accounts certificate processes, and by advising our members on compliance and best practice issues. Our work is overseen by the Client Protection Sub-Committee (formerly the Guarantee Fund Sub-Committee).

The accounts rules govern the way firms must manage their financial records and, in particular, client money. The rules not only provide a framework for firms but also set a benchmark for the standard of financial control that clients may expect from their solicitor. 

The accounts rules and associated guidance can be found in our rules and guidance section: B6: Accounts, Accounts Certificates, Professional Practice & Guarantee Fund. This includes the rules and guidance regarding accounts certificates.

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If you have any questions, you can contact us for an online chat in the pop up window at the bottom of the page. Please note: It is advised that when using the chat option, please ensure you are using internet explorer version 9 or above or a alternative internet browser, such as Google Chrome.

If the online chat is not available and you have a question or query, please email fincomp@lawscot.org.uk and someone from the team will get back to you.

Should you have any queries regarding the department or our work, please contact:

Ian Messer
Director of Financial Compliance
The Law Society of Scotland
Atria One,
144 Morrison St,
Edinburgh
EH3 8EX

Telephone: 0131 226 8897
Fax: 0131 226 7884
Email: fincomp@lawscot.org.uk

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