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Cross-party report shows government wrong to try to politically control legal profession

A new report from a cross-party committee of MSPs has shown how Scottish Government plans to try and control the way the legal profession operates were wrong and risked undermining the rule of law.

AML: Changes to domestic PEPs

Domestic politically exposed persons (PEPs) can now be considered inherently lower risk than non-domestic PEPs, following recent changes to money laundering regulations by the UK government.

HM Treasury money laundering advisory notice: High-risk third countries

HM Treasury has released a money laundering advisory notice amending the definition of High-Risk Third Countries.

AML Certificate 2022 results

Our anti-money laundering (AML) Risk Manager, Jenni Rodgers, provides an update on the key insights and analysis from the data that practices provided in the 2022 AML Certificate.

Updated UK AML guidance published

The Legal Sector Affinity Group has published an important update to its anti-money laundering (AML) guidance for the UK legal profession, including proposed changes to the identification and verification approach.

AML annual supervisory report 2023

Read our 2023 anti-money laundering (AML) annual supervisory report, covering the AML work we've undertaken over the past year and key stats on the regulated population.

Consumers must be protected from unregulated legal services

Consumers must be protected from the risks posed by unregulated legal services such as will writing and online divorces.

Licensed Legal Services Provider update

Work is ongoing to create a regulatory scheme for Licensed Legal Services Providers - read our short update.

Comment on judges response to Regulation of Legal Services Bill

The Society's President Sheila Webster comments on the response to the Regulation of Legal Service Bill from Scotland's senior judges.

AML round up: July 2023

Catch up on all the latest anti-money laundering (AML) news for the legal sector, plus what the AML team has been working on to help aid practices.

New Russian legal advisory sanctions webinar

Practices with exposure to Russian sanctions are being encouraged to attend a Ministry of Justice webinar on 18 July on new legislation that prevents UK lawyers from advising Russian companies in certain business deals.

New legal sector engagement forum

The Office of Financial Sanctions Implementation (OFSI) has set up a new legal sector engagement forum, which practices are being encouraged to join.