Law Society news
- in the category: Regulation
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.
Donate to your local foodbank and benefit from Teal Compliance's offer to provide expert advice on AML compliance for your firm.
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.
Due to the Covid-19 crisis, the Disclosure Scotland service is currently only processing applications for people working on sectors deemed vital at this time. HM Treasury are content that, on a temporary basis, firms or new sole practitioners can provide a statutory declaration that the BOOM(s) does not have a relevant criminal conviction as part of the application.
Protecting client money held by practice units remains a crucial requirement during these unprecedented times. However, we appreciate that there...