Law Society news
- in the category: Regulation
While reform of legal services regulation is long overdue, we have cautioned against against changes which could increase costs for consumers and damage the competitiveness of Scottish law firms.
The Society's President Ken Dalling comments following the publication of the analysis of the Scottish Government consultation on proposals to improve the current complaints system.
The Legal Sector Affinity Group has published further anti-money laundering guidance for specialist areas of legal practice, following its extensive redraft of the main UK AML guidance in January.
The Society's Regulatory Committee Convener Craig Cathcart provides an update on the work of the committee in 2020 and 2021.
Today, we publish our inaugural annual anti-money laundering (AML) supervisory report, highlighting the breadth and range of AML initiatives that the Law Society of Scotland has recently undertaken, along with our first supervisory AML Risk Appetite statement.
The Legal Sector Affinity Group has completed an extensive revision and redraft of the UK AML guidance for the legal sector.
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The Scottish Government has published a new consultation to improve the current 'complicated and cumbersome' legal complaints system.
The Law Society of Scotland has said that small, high street law firms should not be hit with an additional economic crime levy.
Guidance for Scottish solicitors on publishing pricing aims to help consumers better understand the cost of legal advice and services is due to come into effect in January 2021.
The Society has opposed proposals to introduce a UK-wide anti-money laundering levy on solicitors.
It is particularly important in these difficult times, that we maintain a clear focus on our AML measures and requirements and with that in mind, we wanted to bring you a round up of AML news and events.