Money laundering update: new regulations in force
Regulations previewed in the two previous issues have now been made
The new money laundering regulations previewed at Journal, May, 41 and Journal, June, 44, the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, were suddenly laid before the UK Parliament on 22 June and came into force on Monday, 26 June.
The new regulations are available to read online. Further guidance is awaited and the Society will keep members updated as to its availability. For the current position, check the Society's website.
Solicitors will also be updated as soon as possible on the Society’s supervisory approach in the initial months of the new regulations – this is currently the subject of discussion between HM Treasury and the UK supervisors.
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In this issue
- Family law: still scope for reform
- People's court
- The importance of lawyers in a democratic society
- Thy will be done
- Children's rights and physical punishment
- Pension sharing and professional negligence
- Reading for pleasure
- Opinion: Bruce Adamson
- Book reviews
- Profile
- President's column
- People on the move
- 400 years – still innovating
- Litigation: a bill to settle
- Access to justice: the small print
- Benefits of devolution
- The changing role of the courts in our democracy
- Core values
- The will bank opportunity
- Deep and meaningful
- The fall and rise of interrogatories
- To act or not to act?
- Immigration issues: more red tape
- Taxman scores winner in Rangers contest
- EIA: the regimes change
- Scottish Solicitors' Discipline Tribunal
- Practitioners or salesmen?
- Where the buck stops
- Law reform roundup
- Cyber basics for lawyers
- Practice points from missives review
- Money laundering update: new regulations in force
- Courts raise the stakes
- May: the force be not with you
- Conference success
- SYLA: 2016-17 in focus
- Ask Ash
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