The new certificate must be submitted to the Society by 21 December 2018

Have you completed your AML certificate?

Money laundering reporting officers at law firms across Scotland are reminded that the new AML certificate must be submitted by 21 December.

The Law Society of Scotland’s AML certificate is a questionnaire designed to collect relevant data about firms covered by the scope of the Money Laundering Regulations 2017 and follows on from the AML registration process which took place earlier this year.

As part of the new, compulsory process, firms are required to upload a firm-level risk assessment in addition to their completed questionnaire and the Society has built an online toolkit, which includes a risk assessment template.

Graham Mackenzie, the Society’s head of AML, said: “The responses allow us to build a comprehensive understanding of the profession’s AML risk profile, at both an individual and aggregate level. In turn, that intelligence will inform our risk-based approach to AML supervision as we fulfil our duties as an HM Treasury authorised AML supervisor.

“If you don’t find what you are looking for online, then please do get in touch and we will be happy to help you through the process.” 

Find out more about completing the new AML certificate on the Society's website

Share this article
Add To Favorites