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Unified approach to cross border AML supervision

A memorandum of understanding to make sure there is a lead regulator for AML supervision where firms have a presence both in Scotland and in England and Wales has been agreed, primarily based on the location of law firms’ registered offices.

Cost of regulatory compliance survey

We are asking Scottish law firms to help us better understand the costs of regulatory compliance by completing a short online survey.

Scottish Government response to Roberton report

The Scottish Government has pledged to consult on possible reforms after recognising the main Roberton recommendation to create a wholly new regulatory body had “polarised” views.

2018 AML Certificate headlines

Fraser Sinclair, our AML Auditor shares the headlines from our first ever AML Certificate process.

SSDT consultation: standard of proof

The Scottish Solicitors’ Discipline Tribunal (SSDT) is consulting on the standard of proof which it applies in professional misconduct cases.

It's all about SARs...

SARs Liason Lead at the UK Financial Intelligence Unit (UKFIU), Tony Fitzpatrick, got together with our Head of Anti-money laundering (AML), Graham Mackenzie at our Edinburgh offices to film a free webinar for Law Society of Scotland members.

Law Society criticises SLCC for failing to listen over budget plans

The Society has criticised the SLCC for failing to listen to concerns over its plans to impose a third consecutive above-inflation rise in its budget and levy, and has highlighted the need for improved oversight of the organisation.

New rules provide greater clarity for Scottish solicitors

Changes to Law Society of Scotland Practice Rules will provide Scottish solicitors with greater clarity on what is expected of them in their interactions with the Society and their duty to comply with the 2017 Anti-Money Laundering Regulations.

Proposed SLCC budget risks increased costs for consumers

We have criticised the Scottish Legal Complaints Commission's plans for a third consecutive above-inflation levy on solicitors which risks rising costs for legal services consumers.

Minimising risks in a high risk area

The legal sector’s provision of Trust or Company services as an inherently high risk area of business and one which will provide the focus for our next phase of AML supervisory activity.

Consultation on proposed practice rule changes

The Society is consulting on proposed rule changes in advance of the 2019 AGM on 30 May.

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.