Money laundering: help at hand
19 Nov 07
The Society has produced new guidance on the Money Laundering Regulations which come into force on 15 December
The Society has produced new guidance on the Money Laundering Regulations which come into force on 15 December. The regulations make three key changes: (1) a move to a risk-based approach; (2) a greater importance on identifying "beneficial ownership"; and (3) a greater onus on firms to ascertain the exact source and nature of funds.
The guidance can be viewed at www.lawscot.org.uk/Members_Information/moneylaundering
A number of free roadshows are also on offer. Sponsored by Callcredit Direct, they attract 1.5 hours’ CPD. Dates and venues are: 4 December, Law Society of Scotland, Edinburgh; 10 December, Hilton Treetops Hotel, Aberdeen; 11 December, Teacher Building, Glasgow; 13 December, Drumossie Hotel, Inverness. Book through the link at the web page above.