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New anti-money laundering support

12 December 16

An example risk assessment form is one of a number of resources recently made available to members by the Society

As part of the Society’s ongoing work to refresh the anti-money laundering (AML) resources available to the profession, it recently added an example AML risk assessment form, which can be downloaded and used by members. It is hoped this will help firms in assessing AML risks posed at both client and transactional level.

This is one of a number of resources which have recently been added to the AML section of the website (www.lawscot.org.uk/aml). Others include: a new AML Good Practice Guide, a "Developing AML Policies & Procedures" guide, along with "NCA Suspicious Activity Reporting" guidance and practical tools/links which firms can use to spot fake identification documents.

The site also now links directly to the Law Society of England & Wales AML practice note, which has been adopted as guidance for Scottish law firms.

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