Developed specifically for the Scottish legal market, this eLearning course provides law firms and legal professionals in Scotland with a thorough understanding of their anti-money laundering (AML) obligations within the context of the Scottish legal system. While much of the UK-wide AML legislation applies across all jurisdictions, the course recognises the distinct aspects of Scots law and the specific regulatory expectations of the Law Society of Scotland.
The course opens with the core principles of money laundering, covering the three stages of placement, layering, and integration, before examining the legislative framework including the Proceeds of Crime Act 2002, the Money Laundering Regulations 2017, and the Terrorism Act 2000 as they apply in Scotland. It addresses the specific guidance issued by the Law Society of Scotland and how this translates into practical compliance requirements for Scottish law firms.
Detailed guidance is provided on conducting client due diligence (CDD) and enhanced due diligence (EDD) within a Scottish legal practice, risk-based approaches to client and matter assessment, and the role and responsibilities of the Money Laundering Reporting Officer (MLRO). The course covers suspicious activity reporting procedures, the prohibition on tipping off, and record-keeping requirements, all contextualised for the Scottish legal environment.
On completion, learners will have a comprehensive understanding of their AML obligations within the Scottish jurisdiction and be able to apply effective anti-money laundering procedures in their daily practice. The training supports compliance with both the Law Society of Scotland's requirements and the wider UK regulatory framework.
