Skip to content
Law Society of Scotland
Search
Find a Solicitor
Contact us
About us
Sign in
Search
Find a Solicitor
Contact us
About us
Sign in
  • For members

    • For members

    • CPD & Training

    • Membership and fees

    • Rules and guidance

    • Regulation and compliance

    • Journal

    • Business support

    • Career growth

    • Member benefits

    • Professional support

    • Lawscot Wellbeing

    • Lawscot Sustainability

  • News and events

    • News and events

    • Law Society news

    • Blogs & opinions

    • CPD & Training

    • Events

  • Qualifying and education

    • Qualifying and education

    • Qualifying as a Scottish solicitor

    • Career support and advice

    • Our work with schools

    • Lawscot Foundation

    • Funding your education

    • Social mobility

  • Research and policy

    • Research and policy

    • Research

    • Influencing the law and policy

    • Equality and diversity

    • Our international work

    • Legal Services Review

    • Meet the Policy team

  • For the public

    • For the public

    • What solicitors can do for you

    • Making a complaint

    • Client protection

    • Find a Solicitor

    • Frequently asked questions

    • Your Scottish solicitor

  • About us

    • About us

    • Contact us

    • Who we are

    • Our strategy, reports and plans

    • Help and advice

    • Our standards

    • Work with us

    • Our logo and branding

    • Equality and diversity

  1. Home
  2. News and events
  3. Law Society news
  4. AML Supervisory Annual Report and Risk Appetite Statement

AML annual report 2021

28th October 2021 | Law Society news , Regulation

We have updated our AML Supervisory Annual Report building on the interim version published in February 2021.
With a foreword from our CEO, Lorna Jack, the report highlights the work we have undertaken between April 2020 and April 2021 in fulfilling our supervisory obligations as per the requirements of the Money Laundering Regulations 2019. 

This update of our AML Annual Report builds upon the previous version released back in February and provides continued insight into the breadth and depth of AML supervisory activities the Society is involved in.

I’m extremely proud of the team and what we do - the report illustrates the AML and wider Law Society team’s commitment to delivering risk-based, effective supervision. We remain sharply focused on achieving our fundamental objective - preventing criminal misuse of the Scottish legal profession to wash illicit proceeds.

We will continue to proactively develop our supervisory approach over the next year, starting with the recruitment of further AML expert resource to increase our activity in this space, and implementing changes which will both streamline and enhance the supervisory process – bringing benefits to us and the firms we supervise.
Graham MacKenzie, Head of AML

AML Annual Report October 2021

This report as an important step in driving awareness and transparency regarding the breadth and depth of work we do in this space and demonstrating our commitment to stamping out criminal activities in the interests of the legal profession and society as a whole.

The report contains information relating to the following.

  • context
  • the work, structure and objectives of our dedicated AML team
  • how we discharge our responsibility to conduct risk-based AML supervisory assurance
  • AML assurance statistics and outcomes
  • general observations from our AML Supervisory Assurance Programme
  • our 2020 Thematic Review on Trust and Company Service Provision (TCSP) within the Scottish legal profession
  • our AML governance structure
  • staff AML training
  • cross-sector joint-working collaboration, intelligence and information sharing
  • how we promote the reporting of breaches and concerns
  • how we fulfil our supervisory responsibilities relating to guiding the profession
  • our AML supervisory plans moving forward

Inaugural AML supervisory report and Risk Appetite statement published

In February 2021, we published 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.
Read more about Inaugural AML supervisory report and Risk Appetite statement published

AML Certificate results 2020

Our Anti-Money Laundering Risk Manager, Bob Clark provides an update on the key insights and analysis from the data you provided in this year's Anti-Money Laundering (AML) Certificate.
Read more about AML Certificate results 2020

Anti-money laundering

The fight against money laundering and counter terrorist financing - the role of the legal profession.

Read more about Anti-money laundering
Add To Favorites

Additional

Categories

  • New lawyers
  • Law Society news
  • Regulation
  • Research and policy
  • Legal aid
  • Professional support
  • Wellbeing
  • Business support
  • Equality and diversity
  • International
  • In-house lawyers
  • Schools
  • For the public
  • Videos
  • Fraud alerts
  • Career growth
  • Member benefits
  • Law and technology
  • Professional skills courses
  • Aberdeen
  • Edinburgh
  • Glasgow
  • Perth
  • Inverness
  • Commercial skills for young professionals
  • Roadshow
  • CPD event
  • Working in-house
  • Public Policy Committee
  • Roadshows
  • careers
  • property (non-commercial)
  • licensing
  • Journal online news
  • Sustainability
  • Policy committees

News Archive

  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013

Related articles

  • New legislation to usher in major improvements to legal services regulation
  • Rule of law a vital ingredient for democracy
  • New rule proposals aim to improve consumer protections on trusts
  • Ben Kemp appointed to become Law Society of Scotland CEO
Law Society of Scotland
Atria One, 144 Morrison Street
Edinburgh
EH3 8EX
If you’re looking for a solicitor, visit FindaSolicitor.scot
T: +44(0) 131 226 7411
E: lawscot@lawscot.org.uk
About us
  • Contact us
  • Who we are
  • Strategy reports plans
  • Help and advice
  • Our standards
  • Work with us
Useful links
  • Find a Solicitor
  • Sign in
  • CPD & Training
  • Rules and guidance
  • Website terms and conditions
Law Society of Scotland | © 2025
Made by Gecko Agency Limited