You are currently filtering for:
  • in the category: Regulation
clear filters

AML Certificate, where are we now?

The AML landscape is changing and coming under ever growing scrutiny at national and international level. As the AML supervisor for law firms across Scotland it is vital that the Law Society of Scotland continues to deliver a robust regulatory regime which benefits both our members and members of the public.

Law Society of Scotland launches reporting concerns line

Individuals with concerns that members of the legal community are involved with financial improprieties or money laundering, can now anonymously report their concerns to the professional body for Scottish solicitors.

SLCC budget rise risks higher costs for consumers

The proposed budget, which includes a 9.2% rise in income funded by a levy on solicitors and advocates, comes on the back of a series of double digit percentage rises over recent years.

Former Citizens Advice director set to lead Society's regulatory work

Craig Cathcart, senior lecturer at Queen Margaret University’s Business School, has been appointed convener of the Law Society’s Regulatory Committee.

AML Certificate... According to Fraser

Earlier this year, firms covered by the scope of the 2017 Regulations completed the AML registration process and as the next major step as a Professional Body Supervisor, those same firms are required to complete a compulsory questionnaire, the AML Certificate. Fraser Sinclair, our AML Auditor explains how he came to be involved and why it's so important.

Future of legal services regulation

Carole Ford, lay convener of the Regulatory Committee, writes about the need for reform of legal services regulation which ensures robust public protections.

Christine McLintock: Independence of legal profession under threat

Christine McLintock, former General Counsel of Pinsent Masons and member of the Roberton review panel, discusses Esther Roberton's report on the regulation of legal services.

New anti-money laundering certificate to be introduced for law firms

A new AML Certificate is to be introduced for law firms to strengthen AML procedures and meet the requirements of the 2017 Money Laundering Regulations.

New Online Process for ongoing AML registration

We have launched a new online service for ongoing AML registration for solicitors joining, leaving or changing roles within their firm.

New Incidental Financial Business rules and guidance

Legal services consumers are set to benefit from new practice rules for Scottish solicitors on Incidental Financial Business.

AML risk asessment review

Has your firm completed an AML risk assessment? It's an essential part of law firms' anti-money laundering activity

Money laundering and the professions – what next?

Graham Barrow, anti-money laundering consultant and writer about financial crime, discusses the UK Government’s recent announcement regarding the professions and money launderers.